There has not been a media report on the real estate market for some time that hasn’t mentioned “inventory” as a critical issue. Listed homes in the Sarasota region have dropped by more 25% in this last year. Levels of available properties are nearing a point similar to the height of the boom in 2005 […]
There is no shortage of news of the continuing real estate market recovery around the country. In Florida, one of the most talked about trends is the rising prices of properties. Recent record breaking listings offer some excitement but, most important is the sustained month-over-month and year-over-year increases in nearly every price category. The attached article […]
In a recent special section the Sarasota Herald Tribune, columnist Chris Angermann interviewed me about how I see our housing market evolution. The article is attached in its entirety below. As I have reported previously, with the peak selling season behind us we are cautious as we enter the shoulder/summer to not over-speculate that growth will remain at the […]
The narrowing inventory of homes in the Sarasota real estate market is becoming the most hotly reported news recently. My last several posts have cited data that indicates a very real drop in available, move-in-ready properties and the effect the situation is now having on housing prices is quite significant. The current level of inventory […]
As has been persistently reported over the last few months, improvements are being seen nationally in “shadow inventory”. The recent Standard & Poor’s comprehensive First Quarter Shadow Inventory Update again points to the hyper-local nature of the clearing of this considerable segment of the housing market. The Sarasota real estate market seems to be faring much […]
There have been many recent expert and analyst reports offering significant support for the belief that housing prices are at or near “the bottom.” This attached article appeared today and it is yet another well-reasoned suggestion that what I and my peers have been conveying these last several months as a likely bottom to the price retreat, is […]
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