Sales down, prices down for March

Everything will sell at a price-the trick is to get the prices down so sales will rise.

In Sarasota and Bradenton the market fell 15 percent in March year over year and the median house price fell 18 percent year over year. The median house price is now $239,300.

What is the lesson here for sellers? If you don't price it right it won't sell.

In addition you need to price it right the first time or the property will sit on the market for months and months.

The good news is that buyers have a lot of choice and prices are continuing decline. With the exception of the under 200k range in our area where homes are moving at a brisk pace.

The general rule of thumb in this market is 80 percent of the homes listed are on the market, 20 percent are in the market, as in they are priced to sell.

All the best
Greg Owens PA
Keller Williams Realty of Greater Manatee
941.932.6343
greg@teamworksfla.com