Supplies lower, sales higher

Sales are up, inventory is down.

This is what is happening overall in Sarasota and Manatee counties. The number of houses for resale in May year over year dropped more than 400 and pending sales are up by more than two dozen year over year.

We now have the lowest amount of inventory on the market in the last 15 months for both Sarasota and Manatee counties.

Yes, there are lot of foreclosures out there but the ones priced right are being snapped up within hours, not days, hours.

Yes, this is a sign. It looks like the bounce across the bottom has started.

The next faze is slight increases, when that will come is any ones guess.

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