RASM Releases Latest Report, Inventory Continues Increases

Business

SRQ DAILY MONDAY BUSINESS EDITION MONDAY MAR 25, 2019

According to the latest report from the Realtor Association of Sarasota and Manatee, in February 2019, inventory continues to increase across the two-county area, reaching a more balanced supply. Median sales prices increased in Sarasota but decreased in Manatee County. Compared to last year, closed sales increased for single-family homes but decreased in the condo market. Compared to last month, closed sales are up overall, indicating a start to the season.

Single-family home sales increased by 4.8 percent in Manatee County and increased by 4.2 percent in Sarasota. Manatee condo sales decreased by 14.9 percent and Sarasota condo sales decreased by 12.1 percent. Median sales prices increased in Sarasota County, but decreased in Manatee County. In Sarasota County, single-family home prices increased by 5.3 percent to $287,000 and condo prices increased by 10.5 percent to $242,000. Single-family home prices in Manatee decreased by 0.5 percent to $298,500, while condo prices decreased by 11.4 percent to $189,000.

Monthly reports are provided by Florida Realtors with data compiled from My Florida Regional Multiple Listing Service. For more information, the report can be found at the website below.

Realtor Association of Sarasota and Manatee Statistics

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