We passed the bottom

For statistical types out there who are gauging the market, waiting to jump in etc. here is hint. 08/09.

That would be the time in the Sarasota/Manatee single family home market when inventory was high and sales were really low.

Yep, prices have continued to drop since then in some areas not all. You are seeing for instance stable pricing in the island areas and in some areas price increases.

You are also seeing builders going crazy trying to keep up on demand.

How does this all come together. Since 08/09 inventory has continued to drop along with prices.

The cycle of market recovery has begun. Which means fewer choices for buyers who now are looking at the incredible prices they can get on new construction filling the lack of inventory on the market.

For buyers. The bottom has passed. Quite a bit ago. The question now is for buyers do you want to jump in now or wait for prices to go higher?

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