Market update for everyone out there.
Sarasota and Manatee counties. Headed to a neutral market or in a neutral market.
This is great. Here's why.
Above seven months of inventory it is a buyer's market. Below five months of inventory a seller's market.
We have been a strong buyer's market for years now. We plummetted long before most of the country.
Inventory is down in the neutral range for single family homes in our area. For foreclosures we have less than a month of inventory. Which is a strong seller's market.
We are headed in the right direction for prices to start to recover.
Greg Owens P.A.
Keller Williams On the Water