Welcome to September's Real Estate Market update. Let’s take a look at residential real estate activity in your area during the month of August. The number of active listings
Sarasota Real Estate Market Update | September 2023
Dated: September 11 2023
Welcome to September's Real Estate Market update.
Let’s take a look at residential real estate activity in your area during the month of August.
The number of active listings was up 9% from one year earlier and down 3% from the previous month.
Even so Buyers still enjoyed a greater selection of homes today then they did 1 year ago.
As you can see the median listing price for the month was just under $560,000.
Compared to last year the average number of days units spent on the market before being sold was up 78%.
The higher number of days may signal a slowdown in the local inventory turnover rate.
The median sale price was $510,000.
The number of units sold decreased 14% year over year and increased 1% month over month.
Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum.
Thanks for watching. I hope you found this helpful as you gather more information to make smart informed real estate decisions.
If you’d like more information or assistance please Call or Text me @ 941-993-3125
Larry Brzostek Broker/Associate
Information courtesy of RE/MAX Alliance Group – Sarasota, FL
As an agent since 1986, I have both knowledge and experience in vacation and residential markets. Whether you are buying or selling a home or just curious about the local Real Estate market, you, my ....
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