RASM Releases August 2018 Report

Business

The Realtor Association of Sarasota and Manatee has released its August 2018 statistics report, documenting an increase in closed sales, inventory and new listings in the Sarasota and Manatee housing market. With pressure from rising prices, the median time to contract is down across both counties. This month, there were 1,898 reported closed sales in Sarasota and Manatee, a 4.3 percent increase from August 2017. Compared to last year, August 2018 reported fewer pending sales. The median time to contract decreased across the two counties. Median sales prices also continue to rise, year-over-year. The condo market continues to shine with a jump in new listings, or the number of properties put on this market this month. With more listings comes more inventory. The overall inventory is up by 1.2 percent, compared to last year’s two-county area totals. The Sarasota and Manatee County market favors the seller, as noted by the current month’s supply of inventory. Monthly reports are provided by Florida REALTORS with data compiled from My Florida Regional Multiple Listing Service. For comprehensive statistics dating back to 2005, visit the website below.

Realtor Association of Sarasota and Manatee

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