What's happening in your local market

Thanks for scanning. Here's a closer look at last month's numbers for Sarasota and Manatee, and two easy ways to see what they mean for you.

 
Sarasota County

$470,000: median sale price, down 1.1% from last August
2,619: homes for sale, 20.8% fewer than a year ago
47 days: median time to go under contract
94.7%: of list price received, up from 92.3%
Manatee County

$495,000: median sale price, up 5.9% from last August
2,616: homes for sale, 7.0% fewer than a year ago
45 days: median time to go under contract
95.6%: of list price received, up from 94.8%
 
What this means for you

IF YOU'RE BUYING
You have more room to negotiate than sellers did a year ago, especially in Sarasota. Well-priced homes still go under contract in about six to seven weeks, so it pays to be ready when the right one appears.

IF YOU'RE SELLING
Fewer homes are competing with yours, and sellers are getting closer to their asking price than last year. Pricing and presentation are what make the difference.

 

A NOTE FROM CATHERINE
What I'm seeing this month

The numbers say the market is finding its balance, and that matches what I'm seeing on the ground. Buyers are taking their time and negotiating again, while sellers who price well from day one are still getting strong offers.

Please feel free to share this with someone who is planning to buy or sell a house or contact me, I'm more than happy to chat with you or just lets have coffee !

 

Catherine