The latest Real Estate Market Information from Sarasota Florida shows an increase of Single Family Homes of 18% in 2009 compared to 2008. Inventory on December 31, 2009 is reduced as well by 36% from December 31, 2008.
The following is the inventory of Single Family Homes in Sarasota. A normal market inventory level is 6 months. In the price bands under $150,000 the inventory is a 4 months supply. In the price band from $150,000 to $250,000 the inventory is a 6 months supply. In the price band from $250,000 to $350,000 the inventory is 9.5 months supply. In the price band from $350,000 to $500,000 the inventory is a 9.5 months supply. In the price band from $500,000 to $750,000 the inventory is 13 months supply. In the price band from $750,000 to $1,000,000 the inventory is 16.9 months supply. Above $1,000,000 the inventory is above 24 months.
Increased sales and a lower inventory indicate a very positive sign, as Sarasota continues to return to a normal market.
Tags: Sarasota Florida Real Estate News, Single Family Homes News for Sarasota Florida
