Since my last report on May’s Sarasota Real Estate Market, the overall landscape has remained relatively stable. Prices are holding steady, inventory levels continue to move the market closer to favoring buyers, and sales are demonstrating resilience. In August, the most recent month for which data is available, there was a notable increase in pending […]
A new buzzword being used by economists and industry experts is “Financial Flexibility” when referring to today’s affluent buyers. Now that prices have stabilized and inventory is rising, buyers in the upper strata are seeking real estate as a valuable investment strategy in our dynamic financial marketplace. Luxury buyers are still in pursuit of investment […]
The ever-evolving buyer behavior is having a remarkable effect on the Sarasota Real Estate Market, and those elsewhere in the country. At all price points, consumers are feeling constrained by economic uncertainty, and in the mid-markets affordability is keeping many buyers on the sidelines with mortgage rates continuing to hover near 7%. In our area, […]
Sarasota’s softer home price gains, normalizing demand, and growing inventories offer buyers more choices and buying power. Now is a great time for those who have been waiting for better conditions to explore Sarasota real estate opportunities.
Sarasota’s even-keeled Real Estate Market and continued high demand, as evidenced by the total pending sales contracts signed in all price points in February exceeding prior month by 26%, should lead to sustained sales volume, prices, and balanced inventory over the next few months.
The Sarasota Real Estate Market now has the largest available inventory for sale in the last 10 years. But demand remains strong and market metrics are favorable.
The Sarasota real estate market has slowed a bit since 2023, but luxury home sales above $1 million have continued to exceed the past six years. Compared to pre-pandemic sales in 2019, high-end home and condo sales in 2024 nearly tripled, with only 2021 coming close during the peak of the COVID buying frenzy. Year-to-date, […]
Between Hurricanes Helene and Milton our region had significant damage and prolonged power outages in some areas, which impacted new listings, contracts signed, and closings in late September and through the month of October. Add to that the distractions of an intense election season, October’s Sarasota Real Estate Market remarkably maintained stability when compared to […]
More inventory in the Sarasota Real Estate Market is increasing the period from listing to sale allowing buyers the luxury of time to make their decisions, as well as more choices and negotiating power.
The May 2024 Sarasota Real Estate Market data had mixed activity with growth in the existing single-family segment and a slight dip in sales of condominiums. When combined however, sales were still stronger when compared to prior year. Across the U.S., according to the National Association of Realtors, May sales dipped almost 3% with the […]
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Michael Saunders & Company
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