Information courtesy of RE/MAX Alliance Group – Sarasota, FL
At RE MAX we know the market.
Welcome to September’s Real Estate Market update.
Let’s take a look at residential real estate
activity in your area during the month of August.
The number of active listings was down 59% from one year earlier and down 10% 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 $510,000.
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 under $390,000.
The number of units sold decreased 7% year over year and decreased 10% month over month.
Fewer sales could indicate an opportunity for buyers to negotiate better terms.
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, CRS, CLHMS Broker/Associate
RE/MAX Alliance Group
Search Sarasota Listings @ LarrySellsSarsota.com
