Sales up, prices down, welcome to Sarasota/Manatee

This is what you call a mixed blessing.

The latest media reports show that home sales in the Sarasota/Manatee counties were up four percent last month year over year.

Good news right? Well maybe for buyer's because at the same time sales prices dropped 13 percent year over year.

Overall in the state sales declined 28 percent, according to the Florida Association of Realtors.

Now there is still an average of more than two years inventory of homes on the market.

And here is another important fact. On average in a buyer's market 80 percent of the homes are priced outside of the market. In simple terms they are overpriced.

What's moving in this market is what is priced right.

All the best
Greg Owens PA
Keller Williams of Greater Manatee
941.779.5149.
greg@teamworksfla.com