Sarasota, Florida Home Inventory Levels

Below is a chart showing Sarasota, Florida county inventories, sales and pending sales for the last 3 years. It is great to see declining inventories, more sales and more pending sales. It sounds like a market bottoming out.

Notice the red line on the chart which shows pending sales as well as the dark green bar at the bottom which shows closed sales. As prices have declined buyers have jumped off the fence. There are still a lot of people waiting for the bottom. When the overall concensus thinks the bottom is here you will see even more buying from people trying to time it. Think of the wealth that could be created in this country with so many people buying around the bottom and then a normal appreciation rate for the next 10-15 years.

Sarasota Today vs. 3 years ago

Sarasota's home and condo inventories for June of 2009 are 38% lower than they were in June of 2006. Pending sales are 86% higher than they were for the same time period. I love to see those statistics. Let's hope they continue. Today the median home price in Sarasota is $180,000. A far cry from where it was in 2005. But atleast the median home price is at a sustainable and affordable level.

View the rest of Sarasota's inventory and sales figures at my recent blog post - Sarasota Home Inventory Levels. There you can see inventories for Siesta Key, Longboat Key and Sarasota luxury homes.

• Rate this Post!

  Select Your Rating:

  • 5 Stars (Excellent!)
  • 4 Stars
  • 3 Stars
  • 2 Stars
  • 1 Stars (Poor)

• Share this Post

  Share With A Friend:

  Your Name Your Email

  Friend's Name Friend's Email

  Optional Message

  Send

• Print
• Social Bookmarking

  Add to Bookmarks: