The Seller's Market

Statistics are pending for April 2015 from the Sarasota/Manatee Realtor Association and as we wait we take a look at the market in March of 2015 in comparison to years past.



March of 2015 was a strong month with closed single family home sales at 789 in comparison to 698 in March of 2014. A 13% increase in closed sales for March. The median sale price of the homes was up 9.5% to $207,500, up from $189,472.



It's the pending inventory and active listings that are decreasing in the Greater Sarasota Area. Pending inventory was down 12% and active listings were down 7.9% from March of 2014. With less inventory on the market and more active buyers we are experiencing a shift in the market for March of 2015. As we continue to analyze and understand the real estate it's important to note that short sales are down 40.5% from this time last year. The sales are showing as less REO/Bank Owned and Short Sale and more traditional, with a 22.5% increase in traditional home sales.



If you are thinking of selling your home or want to explore it's market value, now is a great time to take those steps. Call today for a Free market analysis of your home and find out what you could sell for in today's market.



941-779-7179