With the inventory of homes and condos returning to a normalized level, buyers appear to be responding to the increase in choices, as evidenced by the growth in sales and contracts signed.
Listings in the Sarasota Real Estate Market have been steadily improving conditions to bring the market into better balance when it comes to supply and demand. Since a low in 2020 of 23 days on market for new listings, an unbelievable reduced inventory of just over 2 months supply, and nearly 68% absorption rate, a […]
With Sarasota Real Estate inventory in the $1 Million and over price points up 63% over prior year, sales growth of 76%, and new contracts signed increasing 89% in the luxury segment, we are moving into the new year with positive momentum.
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.
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440 Gulf of Mexico Drive
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