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Home Prices in Sarasota, FL Market Report for July 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 July 2017
 
In July 2017 closed sales in Sarasota County increased 7.2 percent compared to the July 2016.  The median sales price for a single family home in Sarasota County was $260,000, an increase of 7.2 percent from July of 2016.  The median sales price for condos in Sarasota County was $214,175, an increase of 4.5 percent year over year.
 
"Median prices have been rising, but it is driven by supply and demand, not artificial factors as seen in 2005 and 2006," says Xena Vallone, 2017 RASM President.  "The increase began in 2011 and has continued at a gradual, sustainable rate."
 
Inventory levels reached a level in March that was almost at a balanced market level,  but have declined since then.  In July Sarasota single family inventory was at a 4.1 month supply.  Sarasota condos were at a 4.6 month supply.   These levels are well below the 6 month supply considered a balanced market between buyers and sellers.  We remain in a seller's market.
 
While home ownership rates have declined to 63.5 percent nationwide, the lowest in half a century, the ... more

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