Manatee County had a healthy market for single-family home sales in November. As we ramp up for our busy season, everything is shaping up nicely in Manatee. Both buyers and sellers should have some degree leverage this winter as inventory levels remain reasonable while sales are showing solid year-over-year increases. The graphic below from Florida Realtors has more details about November activity.
Florida Realtors has put together the infographic below for items to do (and not to do) when buying your next home. By ensuring you mind the items listed, you will be on your way to your next home.
There are several reports indicating that changes in Florida’s real estate market are making some rental property owners reconsider their investments. That will likely create buying opportunities for those interested in a vacation home. The infographic from Florida Realtors below illustrates some things for you to consider prior to making that purchase.
Even with the weather challenges this fall, Sarasota County’s single-family home sales have been resilient. We haven’t seen the drop off in home sales like we have in Manatee. However, the market has been stronger in the mid to lower-tier price points than the higher-tier listings. Inventory remains in a good place for our rapidly approaching busy season. With the current statistics, it looks like we are in for a balanced market this winter. The infographic below from Florida Realtors contains more from October.
Closed transactions were down significantly when compared in October when compared to last year. Obviously, this year’s hurricane season played a role in that outcome. The question is whether that will continue. While the likely answer is “yes” to some extent, now is not the time to panic if you need to sell. There is still only around five months of inventory on the market, which means we are dealing with a market that is in balance. It really doesn’t heavily favor buyers or sellers. Putting your best foot forward will be important if you are buying or selling at this time as your leverage will most likely be limited. The infographic from Florida Realtors below contains more.
