Southwest Florida home sales soar in June | HeraldTribune.com

Southwest Florida home sales soar in June | HeraldTribune.com

Sarasota rising by the numbers

Remember the golden days for buyers maybe a year ago in Sarasota.

Well, that time has pretty much passed and we are fast going back to a normal market.

As of this writing there are 3,908 single family homes listed on the MLS in Sarasota and 575 sold in the past 30 days. That leaves about 6.8 months of inventory. Sarasota is in a neutral market headed towards a seller's market.

Under $150,000 there is four months of inventory. It is now a seller's market.

Under $250,000 there is 4.7 months of inventory. Again a seller's market.

One area is still a buyers market the over $1 million range there is almost 39 months of inventory.

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

Fun with housing numbers in Manatee

Yep, it is true, the housing market in Manatee is continuing to recover.

Let's just take a quick peak at the numbers.

Overall as of my writing this there are 2,923 single family homes on the market in the county. There have been 349 sold in the past 30 days. At this rate you have an 8.3 three month supply of homes on the market.

That is not a bad market at all. It is a weak buyer's market with a good supply of homes but not an over abundance.

Break that down a bit more and just look at homes listed for $250,000 or less. You have 1,449 homes on the market with 236 selling in the past 30 days. Now you are in to a neutral market neither a buyer's or seller's at six months of inventor.

This is signalling a shift and in this towards the sellers.

Break it down one more time to under $150,000 and you have 736 homes on the market with 128 sales in that range within the past 30 days. You are now in to a weak neutral market definitely heading towards a seller's market with just under six months of inventory.

In that under $150,000 market in particular you are now seeing less and less desirable inventory, the big three so to speak, location, condition and price.

One area where it is still a very strong buyer's market. The over $1 million price range. There are 218 homes in that range with only four selling in the past month. That is just over a 54 month supply.

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