The latest Trendgraphix statistics show that the Sarasota/Manatee markets have about a three month supply of single family homes on the market. Make that less than two months for homes under $200,000.
We have shown over the past several months now an increase in prices and a decrease in inventory in our local market. Simply put demand is there and supply is low.
Builders are reporting a brisk business with applications for building permits up in our area of the Gulfcoast.
We are seeing the first signs of "snowbirds" arriving for season on our roads.
Two important things for buyers and sellers to take from all of this.
One for sellers if you want to sell now is the time to get your home on the market.
For buyers since prices are rising again the longer you wait the more you will pay.
All the best
Greg Owens P.A.
TeamWorks/Keller Williams On the Water