Get ready for the champagne!

There is less than 3,000 single family resale homes on the market in Manatee County.

There is less than a 10 month supply of re sale homes available.

Some price points (under 200k) are quickly moving in to a seller's market.

We have not seen this since the dreaded fall of 05.

What happens next.

Price stabilization first of all, with fewer homes on the market and a continued demand, prices should stabilize before starting to rise again.

Sarasota and Manatee counties were among the first two to get into the housing recession and it looks like they might be the first out.

The light at the end of the tunnel is much, much brighter.

It may be time to put the champagne on ice if you want to celebrate the end of the free fall in housing prices.

Greg Owens P.A.
Keller Williams Realty On The Water
941.932.6343
greg@teamworksfla.com