Sarasota Real Estate Market Stabilizing
October 9th, 2007
Sarasota Market Continues to Stabilize After the Boom
Data from the Sarasota MLS show home and condos sold year to date are close to the market totals of 2006. There was a 6 percent decline through the first eight months of 2007 compared to the same period for 2006.
Home prices have increased dramatically since 2000, but closings are similar to that year.
“Pending sales remained above 450 for the month of August, indicating the winter months will likely not see the kind of drop in sales experienced in the later months of 2006. Pending sales climbed by 164 percent from August 2006, when only 170 pendings were reported. This provides a strong indication that the market will not see the stall in sales that occurred during the end of 2006.” See our web site this week for the entire Sarasota real estate market article.
For excellent professional results when buying or selling Sarasota homes or condos, contact Annette Smith or Nick Herron, the Herron Group, RE/MAX properties at 941-504-3922 or email Annette your preferences and we’ll automatically send information on homes or condos that match your criteria. Beach, Bay or Back Nine . . . Live the Dream!
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