
Multiple Offers are back!

With all this activity, are home prices increasing? The answer is no. Buyers still have a lot to choose from and are taking their time before they make a decision. So it may take a little longer on the market before the right buyer finds your home.
Mortgage rates continue to decrease as the Federal Reserve continues to raise rates? While interest rates were increased twice this year by…
SARASOTA, Fla. (August 24, 2016) - Median sale prices for condos and single family homes continue to increase in both Sarasota and Manatee County. Sarasota County single family homes are up 10.5 percent from 2015 to $242,500, while Manatee County experienced an 11.7 percent jump from 2015 to $279,250. Year over year, condo median sales prices rose 7.9 percent from 2015 to $205,000 in Sarasota and 21.9 percent to $185,250 in Manatee.
"While we continue to see a climb in median sales prices in both counties, I believe we will see this trend level off in the coming months," says Linda Formella, 2016 President of the Realtor® Association of Sarasota and Manatee.
Over the past year, Manatee County increased in sales from 2015, with a 0.7 percent…
SARASOTA, Fla. (May 26, 2016) – April’s housing statistics show that our current trend is continuing as inventory of available properties rose in both counties. For single family homes in Sarasota County, inventory is up 8 percent from April last year, and up 14.2 percent in Manatee County from last year. Condo inventory is also on the rise in Sarasota County, up 25.5 percent from last year, while Manatee County experienced a 19.8 percent increase year-over-year.
The months’ supply of inventory in the two-county area remains in the range of 4.5 to 5.4 months’ inventory this year, compared to a range of 4.2 to 4.5 months at this time last year. This statistic reflects the time it would take to sell all the active listings on the market at…