Sarasota County is moving towards a balanced market in lockstep with Manatee. However, it has a longer way to go to reach that balance. At the current pace, it looks like Sarasota County is a few months behind Manatee in reaching an equilibrium. That said, conditions are very fluid. For now, sellers still hold most of the cards in SFH transactions in Sarasota.
It looks like we are heading back to a market where sellers will benefit more from forethought in home improvements before selling. Here are some thoughts on appliances in the infographic below.
Increase the appeal and value of your property by planting some of the trees identified in the graphic below.
The market started to materially shift in April, with even more change arriving in May. We finally have over a month of inventory available for single-family homes in Sarasota County (but just barely). The market still favors sellers in a big way, but more balance appears headed our way.
The National Association of Realtors is forecasting significantly lower home sales numbers for the next year. The chart below shows expected year on year change being negative through Q2, 2023.
