June 2013 Inventory Drops to New Record Low

The following report is from the Sarasota Association of Realtors as published on July 15, 2013. 

The inventory of available homes in the Sarasota market fell to only 3,114 in June 2013 – the lowest level in longer than a decade, and an 18 percent drop from last year at this time. Declining inventory generally results in greater competition for available homes and condos and subsequent price escalation.

Members of the Sarasota Association of Realtors® sold 883 properties in June 2013, a drop from the May 2013 figure of 1,020 which represented an eight-year high, but up 2 percent over June of last year.

The Sarasota real estate market tallied 642 single family homes and 241 condominiums in June 2013,…

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