The number of active listings in our Sarasota Market continues its downward trend as brisk sales of existing inventory leave fewer choices for buyers who have grown accustomed to having large selections of properties to look at when they come down for season. The prices are just too reasonable to pass on and some of my buyers who have been in “looking mode” for several years now realize that although they may be able to save a little more money than last year, they no longer are able to find exactly what they are looking for in this smaller pool of homes and condos. The graph below shows the decrease in active listings from August of last year to January of this year and it is quite telling.
I believe that the next three months will be healthy for sales and that we will reach our lowest inventory level in years.
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