Sarasota Summer Statistics Follow Current Trends and Do Not Disappoint16 Oct 2013, Posted by Market Statistics in
The most recent statistics release from the Sarasota Association of Realtors, shows that overall home prices in the area were up in median price over 30% from this time last year, a startling figure showing a lot of appreciation and dynamism in the market in the last 12 months. The level of transactions was also up 11% year over year as the market keeps moving forward at a fever pitch. Inventory is the lowest we have seen in many years- in fact since the bubble years in 2005-2006. I believe this particular set of statistics somewhat overstates the position of the current market as the swings from month to month can be volatile. Still, in all price points below $1,000,000 the market is moving very quickly. Luxury properties over the $1,000,000 mark are lagging however as they remain on the market longer and are relatively abundant supply.