Single-family home transactions slowed down more YoY in Sarasota County than Manatee in August. It isn’t very often that you see closed sales down, inventory up, and the median sales price rise materially. What I believe it is telling us is that the higher end of the market is relatively stronger now than it was last year when compared to the lower half of price points. The percentage of cash sales rising tends to reinforce that belief. The infographic below from Florida Realtors shows more detail from Sarasota County in August.
