We are entering the stable

Finally, even the local media in Sarasota and Manatee are reporting it. We have entered a stable market. Not a buyers or a seller's market (for now) a stable market.

Single family home inventory is hoovering around a six month supply which is a stable market. It favors neither buyer nor seller. You need to keep in mind stable markets traditionally last only short period of time which means we are headed for a weak seller's market.

Prices are down a bit but get this. For the first time in five years the number of pending homes on the market crossed over the number of new listings according to Trendgraphix.

So to recap pendngs are up, new listings down, lowest amount of inventory in five years. Sound like a market shift to you?

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