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Housing Shortage Means a Good Time to Sell

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SRQ DAILY FRESHLY SQUEEZED CONTENT EVERY MORNING THURSDAY NOV 12, 2020

The real estate market continues to thrive in Sarasota and Manatee. While the pandemic has created uncertainty for many one thing is for sure regarding residential real estate—a rise in sales and more competition are driving prices up. This combined with fewer available listings makes a challenging environment for buyers. In the month of September alone, a total of 2,327 sales were reported in Sarasota and Manatee counties which represents a 35.1 percent increase over last year. 

“The months’ supply of inventory continues to go down, now at a painfully low level of just two months of supply for single-family homes and three months of condos,” said David Clapp, 2020 President of the Realtor® Association of Sarasota and Manatee. He added, “Keep in mind that six months is considered a balanced market.”

Sell Now

A shortage of inventory and high demand makes now a great time to sell. Local Realtors® have extensive market knowledge and can offer advice and provide strategies on how to set the selling price, the best ways to market your home and most importantly, how to keep your family safe during the COVID-19 pandemic. Learn More 

Click here for more information

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