At RE MAX we know the market.
Welcome to July’s Real Estate Market update.
Let’s take a look at residential real estate
activity in your area during the month of June.
The number of active listings was down 72 % from one year earlier and down 13% from the previous month.
This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from.
As you can see the median listing price for the month was just under $540,000 .
Compared to last year the average number of days units spent on the market before being sold was down 76%.
This lower number of days may signal
a positive trend in the local inventory turnover rate.
The median sale price was just over $400,000.
The number of units sold increased 39% year over year and increased 9% month over month.
These figures may indicate that buyers have been taking advantage of
opportunities in this market.
Thanks for watching. I hope you found this video helpful as you gather more information to make smart informed real estate decisions if you’d like more information or assistance please Call or Text me @ 941-993-3125
Larry Brzostek Broker/Associate
Information courtesy of RE/MAX Alliance Group – Sarasota, FL
