Housing Market Wealth Grows

Homeowners in Sarasota County saw the median sale price increase from $297,000 to $350,000 for single-family homes in December.  That was a year over year increase of 17.8%.  Manatee County saw an increase from $335,000 to $357,900, a 6.8% increase.  The limited inventory of homes for sale and surging demand by buyers driven by historicallyContinue reading “Housing Market Wealth Grows”

Buyer Purchasing Power Goes Up $33,000+

Lower mortgage rates have increased the purchasing power of buyers by an average of more than $33,000 from one year ago.  That is almost a 7% increase from last year.  Increased home prices, however, are negating that increase in purchasing power.  Home prices have seen average increases nationally of over 8%.  Please contact Ed CurryContinue reading “Buyer Purchasing Power Goes Up $33,000+”

Buyers Choose New Construction Because of Existing Home Shortage

New single family home sales are up nationally almost 14% from June to July. There is a real shortage of existing home inventory for buyers to choose from. Many buyers are looking to new home builders to fill their needs. In the Sarasota/Manatee County area our inventory of homes for sale in slightly over aContinue reading “Buyers Choose New Construction Because of Existing Home Shortage”

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