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Home Prices in Sarasota, FL Market Report for March 2017
Real estate market data for Sarasota, FL provided by Keith Kropp of  Better Homes and Gardens Real Estate - Atchley Properties
 Home Prices in Sarasota, FL Market Report for March 2017
In March 2017 closed sales of single family homes increased 2.6 percent from last year, and sales of condos increased by 13.5 percent from last year.  The median sales price for a single family home in Sarasota County increased to $262,621, up 7.6 percent over March  2017.  On the other hand, Sarasota County condos median price increased to $230,000, u[17.3 percent over March of last year. 
Pending sales of single family homes increased 7.6 percent over last year at this time.  Pending sales of condos increased by 21.8 percent over March of 2017.
Current inventory of single family homes stands at 5.1 months supply, and current inventory of condos is at a 6 months supply.  This number represents the number of months it would take to sell all existing inventory if no new listings came on the market.  Six months inventory is considered a balanced market between buyers and sellers.   We are still in a sellers market for single family homes, but it is a buyers market for condos in Sarasota County.
"It's common to see an ... more

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