Under 200k the buyers market is over

Now is when the feeding frenzy begins.

In the Sarasota/Manatee market you could pick up a nice single family home, good location, in good condition for $150k, heck for under $200k you probably could have got a pool.

We're talking talking decent square footage, newer all the stuff buyers like.

Well, that inventory under 200k has now dropped to seller's market levels which is under 5 months of inventory according to pending sales and just slightly above based on sold homes, according to the latest Trendgraphix statistics.

It doesn't mean you won't find the homes. Heck, there are possibly be going to be thousands of more foreclosures coming on the market in Florida in the next few months.

But the competition to scoop those bargain properties has heated up. Sarasota and Manatee you will find multiple offers on those decent under 200k homes.

They used to stay on the market for months, then weeks, then days and now hours.

Some of the best deals don't even last that long.

All the best
Greg Owens
941.932.6343
greg@teamworksfla.com