Where is the slowdown?

There were a lot of real estate gurus out there predicting a slowdown in the market over the summer as the tax credit program ended.

Anecdotally we have not seen that.

In fact the inventory is down to a level in Manatee and Sarasota counties where multiple offers on properties be they short sales, foreclosures or equity sellers is not uncommon.

With just over a 7 month supply of single family homes in the market, under 3,000 in the case of Manatee County, we are slowly drifting towards a neutral market instead of the weak buyers market we are in now.

Foreclosures and short sales will continue to influence pricing but the lower amount of inventory on the market is becoming a strong factor in starting to move the prices upward.

All the best
Greg Owens P.A.
Realtor
Keller Williams On the Water
941.932.6343
greg@teamworksfla.com
www.teamworksfla.com