The Land O’ Lakes Real Estate Market Report for July 2016
According to the new data released by the Greater Tampa Association of REALTORS®, the Land O’ Lakes, Florida Real Estate Market is showing signs that 2016 is going to be even more aggressive than 2015.
This is the first time in several months that we have seen more homes come on the market than sold. Hopefully, this is an indicator of a much-needed boost to our housing inventory.
Let’s take a look at the July 2016 real estate market numbers for Land O’ Lakes:
- 154 homes were sold for a 1% year over year increase
- median price of $221,000 for a 7% year over year increase
- 31 homes for sale4
- 49% of the available homes sold in the last month
- 2.04 months of inventory
The Land O’ Lakes Real Estate Market is Strong
July is usually one of the slower months for real estate sales in Land O’ Lakes as buyers and investors prepare for the spring season, but it was still 25% busier than this time last year. We are finally starting to see an increase in new listings by 34% over last year. This is very good news for homebuyers who have been struggling to find the right house because there have been so few homes on the market. Our hope is that this is an indicator of a more balanced market as we move into 2016.
Get an Advantage
How can both buyers and sellers have an advantage in the Land O’ Lakes, Florida real estate market? Employ the services of a local Land O’ Lakes real estate agent who has vast knowledge and experience of the market.
Find Land O’ Lakes Homes for Sale
For a complete list of available real estate in Land O’ Lakes, visit Land O’ Lakes Homes for Sale. Make sure to subscribe to the blog so you don’t miss out on any Land O’ Lakes homes.
These numbers cover all of the neighborhoods in the Land O’ Lakes, FL zip codes of 34637, 34638 and 34639. All information is deemed reliable but not guaranteed
The above information regarding the “July 2016 Land O’ Lakes Real Estate Statistics” was provided by Relevé Real Estate. We have over 20 years of experience helping people buy, sell, lease and manage properties in the Land O’ Lakes area. If you’re thinking of selling or buying, we’d love to share our knowledge and expertise.