For the second month in a row, homes sales in the Sarasota area bucked a national decline, but the region saw pricing erode for the first time in months. Sales were up 30 percent in the Sarasota-Bradenton market compared with a year ago. While January's median sales price in the Sarasota-Bradenton market was up 8 percent to $156,700 from $144,800 a year ago, the most recent price was down 6.4 percent from $167,400 in December, data released Friday by Florida Realtors showed.
Statewide, 10,465 homes changed hands during January, up 28 percent from a year ago. But the median was down 14 percent, to $130,900 from $151,500, and down 6.8 percent from $140,400 in December. The national median sales price was $164,700, unchanged from a year earlier and down 3.4 percent from December.
The inventory of unsold homes on the market nationally was down slightly at 3.27 million. That is a 7.8-month supply at the current sales pace, up from a recent low of 6.5 months in November.
Steve Eckhardt, Broker, Luxury Real Estate Professional
Contact me at (813) 765-1182
Check Out Steve Eckhardt's Other Social Networking Profiles
My Blog http://www.luxuryhomeblog.com
Facebook http://www.facebook.com/CornerstoneProperties
Twitter http://www.twitter.com/theflbroker
Flickr http://www.flickr.com/photos/27264581@N08/
Comments(1)