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Sarasota Real Estate Market Slows Down In September 2017
Real estate market data for Sarasota, FL provided by Keith Kropp of  Better Homes and Gardens Real Estate - Atchley Properties
 
 Sarasota Real Estate Market Shuts Down In September 2017
 
Damage to the Sarasota Area from Hurricane Irma was mostly confined to some downed trees and scattered power outages.  Within a week the area was up and running as though nothing had happened.  However, with office closures, home re-inspections and time to get up and running again,  the effect on real estate sales was significant.   Sales were down 16.8 percent!
 
"With Labor Day and office closures, there were 20% fewer business days in September to complete a sale,"  said 2017 RASM President, Xena Vallone.  "When a storm like Irma come around, our focus shifts from day-to-day business to the safety of our homes and loved ones."
 
Inventory increased  for single family homes increased 1.9 percent and condo inventory increased 2.9 percent from the same time a year ago.  Inventory levels still remain well below the 6 month supply considered a balanced market between buyers and sellers.  We continue to be in a seller's market.
 
With fewer shopping days to look for a new home, pending sales suffered significantly indicating another slow month for closings in October.  On the positive ... more

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