2018 Ends with More Inventory and Slowing Price Gains SARASOTA, Fla. (January 22, 2019) – After a strong year of sales, Sarasota and Manatee housing market falls short in December. Compared to December 2017, this month showed a decrease in overall closed sales, pending sales, and median prices. However, inventory increased across the two-county area. Year-to-date, 2018 shows an increase in Continue Reading
Sarasota and Manatee Counties Market Report October 2018
Market Remains Stable Going into Season SARASOTA, Fla. (November 21, 2018) – Compared to last year, the Sarasota and Manatee County market statistics report more closed sales, inventory and a general rise in median prices in October 2018. Year-over-year, combined closed sales in the two-county area increased by 8 percent. The condo market improved with a 27.3 percent increase in Manatee Continue Reading
Sarasota and Manatee Counties Market Report September 2018
Slow and Steady Market Growth in Sarasota and Manatee SARASOTA, Fla. (October 19, 2018) – When Hurricane Irma made its path toward Sarasota and Manatee County in September 2017, sales stalled in both counties due to limited business days surrounding the storm. After last year’s irregular report, this September showed significant improvement in new listings, pending sales and overall closed Continue Reading
Sarasota and Manatee Counties Market Report August 2018
Sarasota and Manatee Homes Sell Quickly in August 2018 SARASOTA, Fla. (September 20, 2018) – August 2018 numbers report an increase in closed sales, inventory and new listings in the Sarasota and Manatee housing market. With pressure from rising prices, the median time to contract is down across both counties. This month, there were 1,898 reported closed sales in Sarasota and Manatee, a 4.3 Continue Reading
Sarasota and Manatee Counties Market Report July 2018
SARASOTA, Fla. (August 22, 2018) – July inventory falls short, but sales continue to climb year-over-year. The condo market is strong with more pending sales and new listings this month. “In a traditionally slower month, sales growth indicates a robust market for July 2018,” said Greg Owens, 2018 President of the REALTOR® Association of Sarasota and Manatee. In July 2018, Sarasota and Manatee Continue Reading
How Millennials are Shaping the Real Estate Market
In today's world, there is a younger generation, known as the Millennials, that are disrupting the housing market. In a positive way. Millennials have affected today’s real estate market locally, in the 2nd best selling community in the nation, of Lakewood Ranch, Florida, they make up 30% of the market share, in both resales and in new home construction. The next largest percentage is the baby Continue Reading
Sarasota and Manatee Counties Market Report June 2018
Sarasota and Manatee Home Sales Rise Again in June SARASOTA, Fla. (July 23, 2018) – The Sarasota and Manatee market stays on trend with increasing home sales, rising median prices and low inventory in June 2018. “We’ve consistently seen low inventory levels and rising prices over the last few months,” said Greg Owens, 2018 President of the REALTOR® Association of Sarasota and Manatee. “But, Continue Reading
Sarasota and Manatee Counties Market Report May 2018
Year-to-Date Home Sales are Strong in Sarasota and Manatee SARASOTA, Fla. (June 20, 2018) – Sarasota and Manatee County has closed more home sales so far in 2018 than sales in January through May of 2017. Inventory is still tight and median prices continue to rise year-over-year. Overall, this month reports more closed sales and pending sales across the two counties. The two-county area Continue Reading
Sarasota and Manatee Counties Market Report April 2018
Home Sales Rise Despite Challenging Inventory SARASOTA, Fla. (May 24, 2018) – In April 2018, Sarasota and Manatee housing inventory levels dropped again, with pressure from rising median sales prices. Overall, April showed an increase in sales across the two counties, as well as an increase in new listings. April reported 2,014 total sales which is a 3.3 percent increase from last year. Continue Reading
Sarasota and Manatee Counties Market Report March 2018
Closed and Pending Sales Increase in Residential Market SARASOTA, Fla. (April 23, 2018) – As of March 2018, the two-county area has closed on 5,015 properties so far this year, an increase from this time last year. Inventory levels dropped this month and median prices continue to rise. This month also showed an increase in pending sales, indicating more closed sales on the Continue Reading
