Real Estate Market Update

Sarasota Real Estate Market Update

Welcome to March's Real Estate Market update. 

Let’s take a look at residential real estate activity in your area during the month of February.  

 

The number of active listings was up 68% from one year earlier and up 1% from the previous month.

This continued upward trend reflected a healthy inventory for buyers to choose from.

As you can see the median listing price for the month was just over $570,000.

Compared to last year the average number of days units spent on the market before being sold was up 26%.

The higher number of days may signal a slowdown in the local inventory turnover rate.

The median sale price was $490,000. 

The number of units sold increased 10% year over year and increased 16% month over month.

These figures may indicate that buyers have been taking advantage of opportunities in this market.

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

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Manatee Real Estate Market Update

Welcome to March's Real Estate Market update. 

Let’s take a look at residential real estate activity in your area during the month of February.  

TThe number of active listings was up 44% from one year earlier and up 5% from the previous month.

This continued upward trend reflected a healthy inventory for buyers to choose from.

As you can see, the median listing price for the month was just over $580,000.

Compared to last year the average number of days units spent on the market before being sold was up 3%.

The higher number of days may signal a slowdown in the local inventory turnover rate.

The median sale price was just over $480,000. 

The number of units sold increased 12% year over year and decreased 39% month over month.

These figures may indicate that buyers have been taking advantage of opportunities in this market.

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

Larry Brzostek Broker/Associate

Information courtesy of RE/MAX Alliance Group – Sarasota, FL