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.
The stream of international buyers coming into The Sarasota Real Estate Market, demand from states facing harsh tax environments, and the large number of baby-boomers beginning their search for retirement properties, all lead to confidence in the Sarasota Real Estate Market’s potential to keep expanding.
The Sarasota Real Estate Market is on track for another healthy selling season, and heavily favoring sellers. There are ample ready, willing and able buyers seeking properties, but we need an improved pace of new listings to continue to meet demand.
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Michael Saunders & Company
440 Gulf of Mexico Drive
Longboat Key, Florida 34228