More Options for Home Buyers

SARASOTA, Fla. (May 21, 2019) – The April 2019 housing report shows a rise in inventory and median sales prices, with properties spending more time on the market. Year-over-year, closed sales and new pending sales decreased.

In Manatee County, single-family home sales increased by 3.9 percent to 633, while Sarasota single-family homes decreased by 2.6 percent to 793 in Sarasota. Manatee condo sales decreased by 0.7 percent to 265 and Sarasota condo sales decreased by 8.3 percent to 444.

Inventory up 10%

Inventory continues to rise with a year-over-year increase in the two-county area. For single-family homes, inventory increased by 10.4 percent in Sarasota and decreased by 2.0 percent in Manatee. Condo…

750 Views, 0 Comments

Read Full Post

Single-Family Home Sales Rise in March 2019

SARASOTA, Fla. (April 22, 2019) – In March of 2019, inventory continues to rise in the Sarasota and Manatee housing market. As for sales, single-family homes increased, while condo sales decreased. The two counties differ in prices with a median price increase in Manatee County and a decrease in Sarasota County.

Following the same trend as February’s report, closed sales increased for single-family homes but decreased for condos in March. Single-family sales increased by 8.4 percent to 629 in Manatee County and increased by 1.4 percent to 778 in Sarasota. Manatee condo sales decreased by 2.8 percent to 276 and Sarasota condo sales decreased by 13.6 percent to 393.

…

855 Views, 0 Comments

Read Full Post

Single-Family Home Sales Increase Amid Rising Inventory

SARASOTA, Fla. (March 22, 2019) – In February 2019, inventory continues to increase across the two-county area, reaching a more balanced supply. Median sales prices increased in Sarasota but decreased in Manatee County. Compared to last year, closed sales increased for single-family homes but decreased in the condo market. Compared to last month, closed sales are up overall, indicating a start to the season.

Single-family home sales increased by 4.8 percent in Manatee County and increased by 4.2 percent in Sarasota. Manatee condo sales decreased by 14.9 percent and Sarasota condo sales decreased by 12.1 percent.

Compared to last month, regular closed sales and cash sales…

470 Views, 0 Comments

Read Full Post

More Options for Buyers as Housing Market Finds Balance

SARASOTA, Fla. (February 21, 2019) – Closed sales in Sarasota and Manatee County fall short at the start of 2019. Median prices continue to rise and a jump in inventory and new listings point to a more balanced market.

Combined, closed sales in the two-county area decreased by 17.2 percent from January 2018. Single-family home sales in Manatee County decreased by 16 percent, while Sarasota decreased by 11.4 percent. Condo sales in Manatee decreased by 6.9 percent and Sarasota sales decreased by 33.1 percent.


More Inventory

The combined two-county inventory increased year-over-year in January by 12.3 percent. Single-family home inventory in Manatee County increased by 5.7…

726 Views, 0 Comments

Read Full Post