Real Estate Market Update

Sarasota Real Estate Market Update

Welcome to May's Real Estate Market update. 

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

 

The number of active listings was up 89% from one year earlier and down 8% 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 over $620,000.

Compared to last year the average number of days units spent on the market before being sold was up more than 300%

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

The median sale price was just under  $510,000.

The number of units sold decreased 13% year over year and decreased 8% month over month.

Fewer sales could indicate an opportunity for buyers to negotiate better terms.

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

Manatee Real Estate Market Update

Welcome to May's Real Estate Market update. 

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

The number of active listings was UP more than 125% from one year earlier and down 14% 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 $600,000.

Compared to last year the average number of days units spent on the market before being sold was up more than 400%.

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

The median sale price was just over $550,000. 

The number of units sold decreased 15% year over year and decreased 14% month over month.

Fewer sales could indicate an opportunity for buyers to negotiate better terms.

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