Tag: Sarasota

Cash sales made up almost 50% of the closed transactions for single-family homes in Sarasota County in February. There is still money moving into this housing market. That said, listings are continuing to outpace closed sales at almost a two to one clip. As overall inventory is just under six months of sales, we are still in a well-balanced market. In other words, it remains a solid time to be either a buyer or a seller in Sarasota County. The infographic from Florida Realtors below contains more information.

The inventory levels in Sarasota County continued their material rise in January. The strong seller’s market is very much a thing of the past as we head into peak season for the year. While the market is still largely in balance, buyers have more leverage than at any time in the past several years. It is definitely pointing to a buying opportunity, which may be why we are seeing such a high percentage of cash sales in the county. See the infographic from Florida Realtors below for more.