Category: Home Buying

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Home Buying Home Selling Real Estate

Sarasota County Single-Family Home Market Update

Cash sales made up almost 50% of the closed transactions for single-family homes in Sarasota County in February. There is still money moving into this housing market. That said, listings are continuing to outpace closed sales at almost a two to one clip. As overall inventory is just under six months of sales, we are still in a well-balanced market. In other words, it remains a solid time to be either a buyer or a seller in Sarasota County. The infographic from Florida Realtors below contains more information.

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Home Buying Home Selling Real Estate

Manatee Single Family Home Market Update

The market for single-family homes in Manatee continued its movement towards a buyer’s market in February as new listings outpaced closed sales almost two to one. That said, we are not there yet. The median sales price continues to hold strong and overall inventory is at less than five months of sales. It remains a good time to be on either side of a transaction. The infographic below from Florida Realtors contains more information.

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Home Buying Home Prices Mortgages Real Estate

Mortgage Interest Rate Uptick?

Homebuyers might want to temper their expectations for significant declines in mortgage rates as the spring housing season commences. The inflation rate increased to 3.2% year-over-year in February, as highlighted in the latest consumer price index report. This marks the third consecutive month of rising inflation rates, diverging further from the U.S. Federal Reserve’s 2% target.

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Home Buying Real Estate

Approaching Home Buying

To successfully navigate your home-buying journey, I recommend that you adopt a balanced approach of being thoughtful yet decisive in today’s market. The list below reflects some of the main points of that balance.

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Home Buying Home Selling Real Estate

Sarasota County SFH Market Update

The inventory levels in Sarasota County continued their material rise in January. The strong seller’s market is very much a thing of the past as we head into peak season for the year. While the market is still largely in balance, buyers have more leverage than at any time in the past several years. It is definitely pointing to a buying opportunity, which may be why we are seeing such a high percentage of cash sales in the county. See the infographic from Florida Realtors below for more.