Sarasota Realtor Magazine reported that,”Home sales in the Sarasota MLS for April 2008 stood at 567, the highest level in 10 months, and approximately 72 percent higher than the sales January 2008. In 2008, sales have been progressively stronger month by month, possibly due to the influence of the new property tax portability law adopted in late January. Sales have climbed from 329 in January to 423 in February,then 514 in March.”
Inventory levels were lower in April 2008, which is a good indicator that a market is beginning to return to a more balanced state.The days on market are also dropping each month, and this reflects the pace of sales.
Tags: Pace of Real Estate Sales, Real Estate News, Sarasota Real Estate News
