Sarasota Home Sales Appear Brighter for 2007
February 19th, 2007
The National Association of Realtors® latest forecast reports the national and Saraosta real estate markets, “after apparently bottoming out in the fourth quarter, appear ready for a gradual rise through 2007 and into 2008.”
Steady improvement is indicated to support price appreciation in the months and years ahead according to David Lereah, NAR’s chief economist.
Sarasota Association of Realtors® 2007 President, Joe Hembree says “it’s apparent from the data that we are returning to a more normal market, and 2007 looks like the beginning of a buyer’s market in this real estate cycle. Overall sales dropped substantially in 2006 from the top market of 2005. While overall sales were down, sales in the $5 million and up range were up 22 percent in 2006 compared to 2005. Sarasota’s luxury real estate market is strong as Sarasota is a “destination location and the attractions of its lifestyle, community, culture and climate keep the city at the forefront of the future real esate markets.”
The level of inventory of homes for sale in Sarasota along with historically low mortgage rates present an opportunity for potential home buyers in the Sarasota.
Sarasota real estate is now a buyer’s market
If you think now is the time to buy in Sarasota Florida, Annette Smith, Realtor® with RE/MAX Properties is available to help you be an informed home buyer or home seller in today’s changing Sarasota real estate market.
Information in this post from Sarasota Realtor Magazine. Statistics gathered from Sarasota Association of Realtors MLS in January 2006.
search for : Saraosta real estate, luxury real estate market, home buyers in the Sarasota
Leave a Reply
You must be logged in to post a comment.