Sarasota Real Estate Inventory and Prices June 2011Posted by Sara Leicht - SaraSellsSarasota.com on
The Sarasota Real Estate market continues to climb with a lower inventory of homes for sale and an uptick in the median prices. As the news of the housing industry nationally can be grime and depressing, the Sarasota Real Estate Market is seeing a declining of the number of homes and condos for sale. Inventory levels have shown a steady decline in the past 6 months to below what is considered a normal market.
A normal real estate market is considered when the number of homes for sale and the rate of homes being purchased is at a 6 month level. This is also referred to as the absorption rate. The current inventory for single family homes in the Sarasota Real Estate Market is at a 5.9 month absorption rate. Typically when the demand for houses is…
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