The Sarasota Real Estate Market had considerable growth in sales, further contraction of inventory and strong pace of pending sales, portending a continuation of a remarkable market into 2021.
The Sarasota Real Estate Market experienced yet another remarkable month of growth in number of sales transactions, total dollar volume, percentage of all cash sales, and number of properties that went under contract.
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.
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.
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Longboat Key, Florida 34228
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michaelmoulton@michaelsaunders.com
Michael Saunders & Company
440 Gulf of Mexico Drive
Longboat Key, Florida 34228