Category: Home Selling

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Home Buying Home Selling Real Estate

Manatee Market Update – Single Family Homes

While inventory is up materially year-on-year, closed sales also saw a jump in July in Manatee County. Overall, the market still slightly favors sellers, but it is still a good time to be on both sides of a transaction as relative leverage exists. You may have been reading some doom and gloom articles about Florida listings, but the negative news appears to be largely confined to the high-rise condo market outside of Manatee County at this time (largely due to potential or actual large one-time assessments). See the infographic below from Florida Realtors for more.

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Home Buying Home Selling Real Estate

Sarasota County Single-Family Home Market Update

The single-family home market in Sarasota County has shifted even more towards buyers than in Manatee County. That said, it is still in relative balance. We should be keeping an eye on new listings versus closed sales as it won’t take too many more months like June before buyers start to have more leverage than sellers. For now, it remains a reasonable time to buy or sell in Sarasota. See the infographic below from Florida Realtors for more.

Categories
Home Buying Home Selling Real Estate

Manatee County Single-Family Home Market Update

The market in Manatee County appears to have settled in at a relatively balanced place for now. Although there is still less than 4 months of inventory available, it is more than double what we had a year ago. Buyers and sellers are both in a position to negotiate to get balanced deals in today’s market. I tend to like these markets as real estate professionals can truly make a difference for their clients for both home buyers and home sellers. The infographic from Florida Realtors below has more detail on the market through June.

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Home Selling Real Estate

Home Selling Tips

Here are some tips from Real Simple and Florida Realtors on how to sell your home more quickly. With inventories higher than we have seen in a while, putting your best foot forward is important when trying to sell your home.

Categories
Home Buying Home Selling Real Estate

Manatee County Single-Family Home Market Update

Given how much inventory has risen year over year (almost 70%), it is surprising how much everything else in the market has stayed virtually constant. Sales volume, pricing, and cash sales as a percent of total sales re almost unchanged, inventory has risen from less than 2 months of sales to more than 3 months of sales. So, what does it all mean? Well, the market still favors sellers to some degree, but homes are now on the market for a more reasonable amount of time. Also, homes that have no business selling at the initial asking price are generally not selling at or above that price. I tend to prefer this type of market as there is some level of negotiating leverage no matter whether I am representing buyers or sellers. See the infographic below for more information from Florida Realtors.