Inventory rose much quicker than sales for single-family homes when I compare December year-on-year statistics in Sarasota County. I believe some of that rapid increase is just timing as people are putting their homes up for sale in anticipation of prime selling season in Sarasota. That said, if we see this trend for a few months, buyers will end up having material leverage in the market. Overall, the market is still healthy, but we need to keep a closer eye on Sarasota County in the short-term. See the infographic below from Florida Realtors for more information.
