Tag: Bradenton

August final statistics for Single-Family Homes in Manatee County showed a continuation of existing trends. New listings outpaced closed home sales, which continued to drive up inventory levels. The additional inventory on the market is moving the balance of power slowly towards buyers. At this point, there is still a pretty decent power balance between buyers and sellers, but if this trend continues, the market will shift squarely into a buyers’ market in Manatee. The infographic below from Florida Realtors contains more.

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.

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.

New listings outpaced closed sales in April in Manatee County. That said, new pending sales are up year over year, and the market seems to be finding a good balance for home buyers and sellers. As we are heading into our slower summer, there is value to be found for buyers; however, sellers can still do well when they ensure their home is staged for sale. The infographic below from Florida realtors contains more details on the month of April.