Pending Sales for Sarasota Single-Family Homes
Factoid
SRQ DAILY MONDAY BUSINESS EDITION
MONDAY JUL 18, 2016 |
BY DIANA MORALES
Due to the typical length of time it takes for a sale to close, economists consider pending sales to be a decent indicator of a potential future-closed sales. Florida Realtors displays the pending sales for single-family homes in Sarasota in the chart above. The highest pending sales were seen May 2015. It is important to know that not all pending sales will be closed successfully which indicates that the effectiveness of pending sales as a future indicator of closed sales is susceptible to changes in market conditions.
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