Sarasota Real Estate Market Report: May 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 June 20, 2016 for closed May 2016 business.
Inventory and Median Sales Price Remain High
The housing data for May reveals that inventory numbers are rising
along with the mercury for the Sarasota and Manatee two-county area, likely the result of sellers taking advantage of rising prices. For single family homes in Sarasota County, inventory is up 15.3 percent from May last year, and up 20.2 percent in Manatee County. Condo inventory is also on the rise in Sarasota County, up 33 percent, while Manatee County experienced a 17.4 percent increase year-overyear.
DISTRESSED PROPERTY SALES DECLINE
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