If you are thinking about one, here are some useful tips from Florida Realtors.
Category: Real Estate
New listings are moving in tandem with closed sales in Sarasota County. As both are shifting down, the median sales price has continued to rise materially year on year. While the three months of inventory in available homes looks great when compared to 2021; it still is lower than we would like for market balance. We are seeing sellers give some concessions in this market; however, buyers shouldn’t be expecting material “bargains” based on the transaction results to date. The infographic from Florida Realtors below has the latest details.
While transactions are continuing to trend downward, inventory hasn’t been growing as much as you would expect as most sellers appear to be sitting on the sidelines. That paradigm is causing the median sales price to continue to rise significantly despite slowing sales. We have a few months until we hit peak season in Manatee; however, it is looking like the current environment will likely hold through the spring. The infographic below from Florida Realtors has the details.
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Here are some great tips regarding protecting your home from the Florida Realtors Association.
