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Home Buying Home Selling Real Estate

Manatee County SFH Market Update

We continued our march towards higher median sales prices in January despite less houses being sold and inventories building. Seeing roughly five months of inventory in the graphic below is a little deceiving as we are entering our busiest transaction time of the year (which will naturally burn through more inventory). As I have been representing a fairly equal amount of both buyers and sellers in 2023, I can tell you that the market actually feels pretty balanced right now. New listings are attracting significant attention; however, buyers have more leverage than at virtually any time in 2022.