The Sarasota Real Estate Market experienced a solid increase in sales activity in May when compared to prior year. Total sales volume grew 26.3% and prices also had above average appreciation.
The Sarasota Real Estate Market will continue to remain robust, albeit it with sales fluctuations dependent on new homes and condominium projects coming to market. With several new communities nearing completion we will see a wave of closings boost our sales in the months to come.
Sarasota Real Estate Market’s February sales and inventory activity brought us closer to an equalized condition, in which neither buyers or sellers are in an advantageous position.
For a second month, the Sarasota Real Estate Market had a dip in sales. Prices and inventory saw appreciable gains indicating a healthy overall market. I continue to be optimistic that our peak selling season will show our stabilized market can maintain good momentum.
The Sarasota Real Estate Market saw sales decline in December – though there were several unique factors that influenced the volume of closings for the month. Check out my report to learn more.
October marked the first month of the year in the Sarasota Real Estate Market in which most of the data reflected a moderation in activity. There were still plenty of areas to celebrate the region’s continued growth, so as our peak selling season gets underway, I believe the market is well positioned for improved sales, prices and more balanced inventory conditions.
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Michael Saunders & Company
440 Gulf of Mexico Drive
Longboat Key, Florida 34228