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