Sarasota Real Estate June 2018 Inventory a Low of 3.7 Months! Manatee, Sarasota and Charlotte Counties, all have historically low Inventory Levels. Manatee County has a 3.6 Month Inventory Level and Charlotte County has a 3.5 Month Inventory. As we head into the quieter summer months, we will see strong sales, but not quite as strong as the March through June historical time frame. Still a great time to Sell or Buy!
Now the three County news…….
In Sarasota County, the Year to Date Median Price did not change from a year ago. New Listings increased slightly +2.4% in June and Closed Sales decreased -8.2%. Inventory Level decreased -3.1% and is now at a low of 3.7 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 stayed the same at 79 Days. The Average Sold to Original Listing Price Ratio decreased slightly to 93.1%.
Manatee County, the Year to Date Median Price change is an increase of +2.7%. New Listings decreased -3.1% in June and Closed Sales stayed the same as the previous month. Inventory decreased -3.2% and the Inventory Level in June for Manatee County is a low of 3.6 months. For Manatee County, the Average Days on Market decreased to 66 Days. The Average Sold to Original Listing Price Ratio increased to 94.2%.
Charlotte County saw an increase of +11.3% in the Year to Date Median Price. New Listings increased slightly +.5% in June. Closed Sales decreased -13.1% and the Inventory Level decreased -5.5%. The Inventory Level in June is now a low of 3.5 months of Inventory. For Charlotte County, the Average Days on Market decreased to 68 Days. The Average Sold to Original Listing Price Ratio stayed basically the same at 93.7%.
Look at the graphics with 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.
Still very attractive Single-Family Home & Condominium Pricing and Great Interest Rates!
Interest Rates for a 30-year mortgage with 20% down (Single Family Home):
$100,000 for 30 years at 4.375% costs $499.00 per month.
$200,000 for 30 years at 4.375% costs $999.00 per month.
$300,000 for 30 years at 4.250% costs $1,475.00 per month.
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 Low Housing Prices & 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 2018-07-21 09:53:06