Information courtesy of RE/MAX Alliance Group – Sarasota, FL
At RE MAX we know the market.
Welcome to August’s Real Estate Market update.
Let’s take a look at residential real estate
activity in your area during the month of July.
The number of active listings was down 62 % from one year earlier and up 4% from the previous month.
This recent increse presented a larger selection of homes for at buyers
to choose from.
The median listing price for the month was just under $500,000.
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 $400,000.
The number of units sold decreased 10% year over year and decreased 20% 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 Broker/Associate
LarrySellsSarasota.com
