According to the new data released by the Greater Tampa Association of REALTORS®, the Lutz, Florida Real Estate Market is showing signs that 2016 is progressing nicely.
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 May 2016 real estate market numbers for Lutz:
May 2016 Lutz Real Estate Statistics
- 98 homes were sold – +26% year over year increase
- median price of $197,500 – +29% year over year increase
- 304 homes currently for sale
- 32% of the available homes sold in the last month.
- 3.10 months of inventory
The Lutz Real Estate Market is Strong
May is usually a competitive month for real estate sales in Lutz, and it remained busy by 25% more 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.
These numbers cover all of the neighborhoods in the Lutz, FL zip codes of 33559, 33549, 33558 and 33548.
Get an Advantage
How can both buyers and sellers have an advantage in the Lutz, Florida real estate market? Employ the services of a local Lutz real estate agent who has vast knowledge and experience of the market. Contact us for Lutz Property Management.
Find Lutz Homes for Sale
For a complete list of available real estate in Lutz, visit Lutz Homes for Sale.
Find out what your Lutz home is worth with a home value analysis and contact us to discuss your housing needs.
The above information regarding the “April 2016 Lutz 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 Lutz area. If you’re thinking of selling or buying, we’d love to share our knowledge and expertise. All information deemed reliable but not guaranteed.