Inventory Leveling Off in Sarasota Real Estate. The last 2 months of Inventory has bottomed and started to slightly increase. Still below a Normal Market Inventory of 6 months. Sarasota County is 0.6 Months, Manatee County is 0.6 Months and Charlotte County is 0.8 Months (All under 1 Month of Inventory).
What is happening with the Sales Price? From a year ago the Median Price has increased in Sarasota County +21.7%, in Manatee County +23.1% and Charlotte County +24.6% from 1 year ago. However, in August the prices are sliding back. Sarasota County saw a -4.2% drop from July 2021. Manatee County saw a -2.3% drop from July. And Charlotte County saw a drop of -0.3% from July. Still a very strong market with very low Inventory.
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Now the three County News …….
In Sarasota County. The Closed Sales decreased -7.4% over the previous month. New Listings decreased -1.2% and the Inventory Level unchanged at 0.6 months (less than 1 month) of Inventory. Remember 6 months of Inventory is considered a Balanced Market. Year to Date Median Price increased +21.7% from the previous year. Days on Market decreased to 21 Days. Sold Price to List Price slightly down to 100.0%.
Manatee County. The Closed Sales decreased -0.8% over the previous month. New Listings increased +0.4% and the Inventory Level increased to 0.6 (less than 1 month) months of Inventory. Year to Date Median Price increased +23.1% from the previous year. Days on Market decreased to 15 Days. Sold Price to List Price decreased to 100.2%.
Charlotte County. The Closed Sales decreased -9.2% over the previous month. New Listings increased +0.6% and Inventory Level unchanged at 0.8 (less than 1 month) months of Inventory. Year to Date, Median Price increased +24.6% over the previous year. Days on Market decreased to 21 Days. Sold Price to List Price decreased to 99.9%.
Look at the graphics with the Real Estate Activity by County in Manatee, Sarasota & Charlotte Counties. Great Interest Rates around 3%!
Different types of Loan Products are available including:
- FHA 100%
- Bank Statement Program for Self Employed
- FHA 96.5% – Down to 580 Credit Score
- USDA 100% Loans – 620 Credit Score
- VA – 100% Financing
- FHA Streamline Refinance
- W-2 Only Program
- Condo Financing
- International Buyer Financing
Each person qualifies for a loan differently and your interest rate could be different. APR is not quoted, but available. Different programs are available with low down payments. Call me to see what your rate is.
Still Great Interest Rates! What are you waiting for?
We can help you with an REO/Bank Owned, Short Sale, Normal Sale or New Home Sale. Don’t miss your opportunity!
Call Kym at (941) 400-9420 or Helen at (941) 400-9489 to help you find Your Florida Lifestyle!
Published on 2021-09-30 08:23:37