In August, Sarasota’s Real Estate Market saw more closed sales, higher median prices, significant growth in total dollar volume of transactions, and many more properties going under contract than previous year.
Sarasota Real Estate year-to-date pace of sales is showing promise of erasing the damage done by the shelter-at-home orders of May and June.
The Moulton Sarasota Real Estate Report June 2020 – Pent Up Demand Fuels Sales and Contract Signings
Sarasota Real Estate Market indicators of increased confidence from home builders, expectations of continuing low interest rates, and significant interest from both the local market as well as high tax/high density areas shows sustainability.
Buyers are motivated by both having to have put their search for new property on hold for the last few months, and, also the historically low interest rates. If you are considering selling your home or condo, now is an excellent time to come to market with your property.
Now that the pause button caused by the COVID-19 orders to shelter-at-home has begun to ease, there is clear evidence that demand for properties in the Sarasota Real Estate Market remains strong.
Despite a slowing of activity in the Sarasota Real Estate Market as a result of the global health crisis, consumer confidence in real estate has not waned, and we have been reminded how very important our homes are to our safety, health and well-being…now more than ever.
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