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Home Prices in Sarasota, FL Market Report for August 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 August 2017
 
In August 2017 closed sales in Sarasota County increased 6.9 percent compared to the August 2016.  The median sales price for a single family home in Sarasota County was $258,000, an increase of 1.5 percent from August of 2016.  The median sales price for condos in Sarasota County was $213,500, a decrease of 2.0 percent year over year.
 
"We've seen some fluctuation in closed sales for 2017," says Xena Vallone, 2017 President of the Realtor Association of Sarasota Manatee.  "The first eight months of this year show more sales than the first eight months in 2016, thanks to a strong month of sales in March, May and now August."
 
Inventory levels reached a level in March that was almost at a balanced market level,  but have declined since then.  In August Sarasota single family inventory was at a 3.8 month supply.  Sarasota condos were at a 4.3 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 the home ownership rate in July ... more

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