The facts just the facts

Here is what is happening in our Manatee market for single family homes according to the latest Trendgraphix statistics

The under and over 200k market are like night and day.

From May 8 last year to this year, overall over 200k sales are down, prices per square foot are still dropping, pending sales are down, and it is still a strong buyers market. Under 200k based on current inventory available it is a sellers market.

(Seven months or greater of inventory is considered a buyers market, 5-7 months a neutral market, 5 or less months a sellers market)

Stats:
As of May 8, 2009
2305 for sale homes on the market
108 sold in the previous 30 days
215 pending sales
21.3 months of inventory based on sold homes
10.7 months based on pending sales
46.1 percent drop in homes for sale
63.1 drop in sold homes
29 percent drop in pending sales.

Now under 200k different story.

898 for sale homes on the market
155 sold in the previous 30 days
279 pending sales
5.8 months of inventory based on sold homes
3.2 months of inventory based on pending sales
36.8 drop in homes for sale
86.7 percent increase in sold homes
184.7 percent increase in pending sales

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