Though the Sarasota Real Estate Market has cooled, there is great potential to sell well located and move-in ready homes and condos, as well as properties in prized locations that are a perfect site for a custom home.
Inventory in all price points is still at historically low levels, and demand remains high. Prices in our region continue to grow at a healthy pace, leading me to believe that The Sarasota Real Estate Market will stay stable during the bumpy economic months ahead.
As The Sarasota Real Estate Market normalizes, meaning that supply and demand gaps are narrowing, our market foundation is strengthening and key fundamentals stabilizing.
Among the most desirable markets, Sarasota is still considered a “value pocket”. Our region offers an enviable lifestyle at a good price, and luxury tier buyers are drawn with the expectation they are making a good investment.
I feel optimistic that the stabilizing prices, growing inventory, and continued high demand for purchasing properties in our region will result in a more normalized pace of activity in the fall and winter season ahead.
As long as demand outpaces supply, even with shifting market conditions, the region’s home price appreciation, pace of housing starts, and ample demand, will serve the Sarasota Real Estate Market well in the months ahead.
Stay informed on Sarasota’s Real Estate Business Environment and Sarasota’s Finest Properties events by joining Michael’s Subscriber List.
Extraordinary Properties
Unrivaled Expertise
Exceptional Results
michaelmoulton@michaelsaunders.com
Michael Saunders & Company
440 Gulf of Mexico Drive
Longboat Key, Florida 34228
EXTRAORDINARY properties
UNRIVALED expertise
EXCEPTIONAL results
Call or Email Now
michaelmoulton@michaelsaunders.com
Michael Saunders & Company
440 Gulf of Mexico Drive
Longboat Key, Florida 34228