Tag: Sarasota

The story in Sarasota County was about listings in November. As sellers are getting more comfortable putting their homes on the market, transactions are ramping up heading into our busy season in Florida. With roughly five months of inventory on the market at November’s sales pace, it is a better time to buy than we have seen in a long time. That said, six months of inventory is generally considered market balance, so sellers aren’t yet in a challenging position. Rather, negotiating leverage should be good for both parties this winter. The infographic from Florida Realtors below has more detail.

Like Manatee County, Sarasota County saw significant growth in YoY single-family home sales in September. Also, inventory levels are continuing to rise as we head into our busier season. Overall, both counties are shaping up well for a relatively balanced market for the coming months. The biggest difference for Sarasota is that the percent of cash transactions continues to be well above historical averages. Potential home buyers will need to keep that in mind. The infographic below from Florida Realtors has more details on the market.