Sarasota Inventory Moves Up Slightly! In November, the Inventory moved slightly higher by 4.9% from the previous month. Inventory is still below a 6-month Normal Market Inventory. The Median Price increased +11% from 2015. Closed Sales decreased -4.7% in November from October. Now the three County news……..
In Sarasota County the Year to Date Median Price change is an increase of +11%. New Listings decreased -1.6% from October and Closed Sales decreased -4.7% from October. Inventory Level increased +4.9% and is still at a low of 4.6 months of Inventory. Remember, a Balanced Real Estate Market or a Normal Market has an Inventory of 6 months. For Sarasota County, the Average Days on Market was reduced to 69 Days.
Manatee County experienced an increase of +8.1% Year to Date Median Price. New Listings decreased -5.7% from October and Closed Sales decreased -4.71% from October. Inventory increased +5.6% from October and the Inventory Level in November for Manatee County is a low of 4.0 months. For Manatee County, the Average Days on Market was reduced to 69 Days.
Charlotte County saw a big increase of +13.4% in the Year to Date Median Price. New Listings increased +8.5% from October. Closed Sales decreased –8.2% from October and the Inventory Level increased +8.7% from October. The Inventory Level in November is a low of 4.4 months of Inventory. For Charlotte County, the Average Days on Market was 76 Days.
Take a look below, at the Real Estate Activity by County in Manatee, Sarasota and Charlotte Counties to see specific changes to New Listings, Sold, Inventory Levels as well as the Year to Date Median Price Change.
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Published on 2016-12-29 14:19:43