At RE/MAX we know the market.
Welcome to June’s market update.
Let’s take a look at residential real estate activity in your area during the month of May.
The number of active listings was down 76 percent from one year earlier and down 19 percent 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 over $530,000.
Compared to last year the average number of days units spent on the market before being sold was down 77 percent.
This lower number of days may signal a positive trend in the local inventory turnover rate.
The median sale price was just under $407,000 thousand dollars.
The number of units sold increased 72 percent year over year and decreased 8 percent month over month.
Higher year over year figures indicate that more buyers have been finding what they’re looking for.
Thanks for watching we 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
