Area home sales, prices continue to rise

Industry Observer with No longer practicing real estate as of 2008.

Another positive article in today's newspaper states that area home sales and prices continue to rise. 

"November is the third consecutive month that home sales and prices have exceeded the previous month."

"The median price of an existing home in Bradenton-Sarasota was $267,700 in November, $3,600 higher than it was just one month before."

"The biggest positive price jump in 2007 occurred between September and October, where median sales prices increased by nearly $20,000."

The article also states that prices aren't going to continue to grow by "leaps and bounds" this year, but at a more normal slow pace upward. 

Since our market was one of the first that took a dive when the market turned, it is normal that we are one of the first to also see a comeback.

I will be posting the stats for December in about 2 weeks.  So stay tuned for those numbers.

Comments (2)

Ann Cummings
RE/MAX Shoreline - NH and Maine - Portsmouth, NH
Portsmouth NH Real Estate Preferrable Agent

Hi Becky - great news to see a positive move in your market!  I hope that trend continues for your area.

Happy New Year!

Jan 01, 2008 01:09 AM
Becky Troutt
No longer practicing real estate as of 2008. - Bradenton, FL
I hope so too Ann!
Jan 03, 2008 04:02 AM