For the third consecutive month, sales of homes and condominiums in The Sarasota Real Estate Market have grown considerably over the prior year. The recent increase in the pace of new listings is a welcome event and I expect will lead to the prospect of a strong spring season.
The Sarasota Real Estate Market recorded a considerable increase of 34% in closed sales of existing homes and condominiums when compared to September 2022.
The Sarasota Real Estate Market is still in the “seller’s market” territory. Local inventory of existing properties for sale remains well below buyer demand.
The list of interested buyers in all price points in the Sarasota Real Estate Market continues to grow. And as we return to a more typical level of inventory offering buyers more choices, our region will be closer to what market experts call normalized conditions.
May existing homes and condominiums activity Sarasota continued to see strong demand and tight inventory. The luxury tiers of the Sarasota Real Estate Market have experienced a welcome stabilization in the first five months of 2023. Average sold prices have been nearly identical since the start of the year and, while sales have fluctuated a […]
Since the first of the year, the luxury tier of the Sarasota Real Estate Market has seen considerable activity bringing closings in line with historical averages in a healthy market.
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