The quick pace of Sarasota and Manatee County home sales and price appreciation continues to reach new highs. Median sale prices increased in Sarasota from $297,995 to $407,000. Manatee median sale prices increased from $325,000 to $400,000. Home sales increased year over year 75.3% in Sarasota and 66.1% in Manatee County.
A quick look at the housing numbers
A typical housing inventory of homes for sale is 180 days and considered a balanced market between buyers and sellers. Sarasota has a 21 day supply of homes, and Manatee has an 18 day supply of homes. That is a significant advantage to home sellers and explains why we are experiencing a multiple offer situation with buyers. As an experienced Realtor, I can help you sort through numerous offers from home buyers.
Homes under contract selling in record time
The median time for a home going under contract in Sarasota and Manatee County was six days. Last year the time was 32 days and 39 days, respectively. The median time to closing this year was 50 days in Sarasota and Manatee County. Last year the time to closing was 81 and 84 days, respectively. Please visit my website for complete updated housing data.
Summary
It’s a great time to be a home seller in the Sarasota-Bradenton area. It’s also a great time to be a homeowner in this area and reap the benefits of excellent property appreciation. Homebuyers can take advantage of 30 year fixed rate mortgages that are hovering in the low 3% range. Please contact me if you are thinking of buying or selling a home in Sarasota or Manatee County, please call me today at 941-799-9440.
