Sarasota Real Estate Market Report: March 2016Posted by Sara Leicht - SaraSellsSarasota.com on
The following report, information and statistics are from the Realtor Association of Sarasota and Manatee as published for their Realtor Membership on April 20, 2016 for closed March 2016 business.
Inventory on the Rise
Inventory of available properties is on the rise in both counties. For single family homes in Sarasota County, inventory is up 5.6 percent from March last year, and up 5.6 percent in Manatee County. Condo inventory is likewise up in both counties, with Sarasota County up 22.1 percent, while Manatee County saw an increase of 21.5 percent year-over-year.
The months’ supply of inventory in the two-county area remains in the range from 4.7 to 5.4 months’ inventory this year, compared to 4.5 to 4.8 months last year. This statistic…
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