Tag: home selling

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Home Buying Home Selling Real Estate

Sarasota County Market Update for Single-Family Homes

Unlike Manatee County, Sarasota County’s market clearly favors buyers at this point. Unless we see a major uptick in sales over the next three months, there will be a significant amount of inventory left on the market heading into our slower season this summer. Cash buyers are still out there in a big way, so I am not sure pricing leverage is quite as high for typical buyers as they would like. That said, if you are interested in a property in Sarasota County, we have significantly worse times to buy. The infographic from Florida Realtors below contains more information.

Categories
Home Buying Home Selling Real Estate

Manatee County Market Update for Single-Family Homes

While closed sales saw solid year-over-year growth in January, they didn’t keep pace with new inventory on the market. Accordingly, the market continued to shift toward buyers in January. It is still relatively balanced, but it is in better shape at lower price points than the higher end of the market. Due to more transactions at the lower to middle end of the market, the median sales price was down a whopping 8.6% when compared to January of 2024. Overall, it feels like opportunities exist for home buyers in the market. The infographic below from Florida Realtors has more data from the month.

Categories
Home Buying Home Selling Real Estate

Sarasota County Single-Family Home Update

December came in much better than November in Sarasota as most of the 2024 hurricane season hangover appears to be behind us. There are still more listings coming on the market than there are closed sales, but inventory levels have to get considerably higher before we truly see a buyer’s market. For now, this season is shaping up to be a balanced market for sellers and buyers. The infographic below has more from Florida Realtors.

Categories
Home Buying Home Selling Real Estate

Manatee County Single-Family Home Update

December shaped up with a pretty balanced result in Manatee County for single-family home sales. Closed sales and new listings were both up when compared to December 2023. Inventory levels remain solid for a balanced market, but they continued their slow upward walk in December. This is shaping up to be a reasonable busy season for the county. Whether you are buying or selling, you should have a good degree of negotiating power as long as you are putting your best foot forward towards a transaction. The infographic below from Florida Realtors has more.

Categories
Home Buying Home Selling Real Estate

Single-Family Home Market Update – Sarasota County

November was a very slow month in home sales in Sarasota County when compared to last year and the activity in neighboring Manatee County. It looks like the lower end of the price points on the market weren’t as active in Sarasota County as they were in Manatee. However, there were still a significant number of cash buyers in Sarasota. We will likely have to wait until January activity to see if the early part to our busy season was an aberration. I would be much more inclined to believe we are in for a slower winter if Manatee didn’t come in so strong in November. The graphic below from Florida Realtors highlights more relevant market information.