The Wesley Chapel Real Estate Market Report for May 2016
According to the new data released by the Greater Tampa Association of REALTORS®, the Wesley Chapel, 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 Wesley Chapel:
May 2016 Wesley Chapel Real Estate Statistics
- 171 homes sold for an 82% year over year increase
- median price of $215,000 for a 12% year over year increase
- Currently 364 homes for sale
- 47% of the available homes sold in the last month
- 13 months of inventory
The Wesley Chapel Real Estate Market is Strong
May is usually a competitive month for real estate sales in Wesley Chapel, 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.
Get an Advantage
How can both buyers and sellers have an advantage in the Wesley Chapel, Florida real estate market? Employ the services of a local Wesley Chapel real estate agent who has vast knowledge and experience of the market. Contact us for Wesley Chapel Property Management.
Find Wesley Chapel Homes for Sale
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These numbers cover all of the neighborhoods in the Wesley Chapel, FL zip codes of 33543, 33544 and 33545. All information deemed reliable but not guaranteed. The above information regarding the “May 2016 Wesley Chapel 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 Wesley Chapel area. If you’re thinking of selling or buying, we’d love to share our knowledge and expertise.