Sales Up 30 Percent In Sarasota Area Housing Market

By
Real Estate Broker/Owner with Cornerstone Properties & Investments, LLC

For the second month in a row, homes sales in the Sarasota area bucked a national decline, but the region saw pricing erode for the first time in months.  Sales were up 30 percent in the Sarasota-Bradenton market compared with a year ago.  While January's median sales price in the Sarasota-Bradenton market was up 8 percent to $156,700 from $144,800 a year ago, the most recent price was down 6.4 percent from $167,400 in December, data released Friday by Florida Realtors showed.

Statewide, 10,465 homes changed hands during January, up 28 percent from a year ago. But the median was down 14 percent, to $130,900 from $151,500, and down 6.8 percent from $140,400 in December.  The national median sales price was $164,700, unchanged from a year earlier and down 3.4 percent from December.

The inventory of unsold homes on the market nationally was down slightly at 3.27 million. That is a 7.8-month supply at the current sales pace, up from a recent low of 6.5 months in November.

 

Steve Eckhardt, Broker, Luxury Real Estate Professional

Contact me at (813) 765-1182

 

www.TheFloridaAuthority.com

www.SearchForTampaHomes.com

 

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You relaly saved my skin with this information. Thanks!
January 17, 2012 09:36 PM #1
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