Real Estate Market Report Sarasota Florida for March 2014
I review in this video the leading real estate market indicators (pending sales, average sales price, average days on market, and average sold price to original list price) for Sarasota Florida for March 2014.
The number of new listings in Sarasota in March of 2014 was 1,400. This is down 2.0% from 1,428 in February 2014 and up 8.6% from 1,289 in March 2013.
The number of new pendings in March was 1,588. This is up 19.7% from 1,327 in February and up 3.0% from 1,541 in March 2013.
The number of closed sales in March was 1,098. This is up 34.6% from 816 in February and up 1.7% from 1,080 in March 2013.
The median sales price in March was $175,000. This unchanged from $175,000 in February and unchanged from $175,000 in March 2013.
The number of active listings in March was 4,617. This is below the 5-year March average of 5,783 and below the 5-year maximum of 8,209. In February 2014 there were 4,884 active listings and in Mach 2013 there were 4,110 active listings.
The average days on market (or DOM) in March was 89. This is below the 5-year March average of 114 and below the 5-year maximum of 134. In February 2014 the average days on market was 91 and in March 2013 the average days on market was 92. Year to date is 88 days on market.
The avearge sold to original list price ratio in March was 92.0%. This is above the 5-year average of 89.3% and below the maximum of 92.8%. In February 2014 the average sold to original list price was 92.0%, in March 2013 it was 92.8% and YTD it is 92.1%.
Follow this link for a video market report covering Sarasota County in Florida for February 2014.
Real estate market report for Sarasota Florida for March 2014.