Is it a buyer or seller market in real estate in Sarasota and Manatee?

    Thinking sellers have the edge over buyers in Sarasota and Manatee Counties? It really depends upon the price band you’re in. Let’s look at the $400-800 price range for single family homes – resales and new builds.

    There are 1438 units for sale which is an increase of 3.2% over November and a 33.3% increase over December of 2015. Wow – that’s a rise in inventory!

    206 units closed in December 2016 up 13.2% compared to November 2016, up 7.3% compared to last year.

    Homes placed under contract were 169 units Р down 10.1% compared to November and down 4% compared to December of 2015.

    Based on closed sales there is a 7 months supply of inventory in that price band. If you look at the months of inventory based upon pending sales there are 8.5 months. Either way – it’s a BUYER’S MARKET!

    While real estate sales and purchases can definitely be emotional data delivers the facts that make decision making much easier. We can drill down even more into different Sarasota or Manatee communities. We can narrow the price band. And we can determine where there is more inventory – is it in new builds or in resales? We’ve got the answers to those questions. Just ask.

    FactsAndTrendsReport December 2016 400-800 price band

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