Real Estate Market Report Sarasota Florida 34238 for May 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 the 34238 zip code in Sarasota Florida for May 2014.
The number of new listings in the 34238 zip code in Sarasota in May of 2014 was 57. This is down 20.8% from 72 in April 2014 and down 3.4% from 59 in May 2013.
The number of new pendings in May was 76. This is down 7.3% from 82 in April and down 9.5% from 84 in May 2013.
The number of closed sales in May was 74. This is up 8.8% from 68 in April and down 3.9% from 77 in May 2013.
The median sales price in May was $289,750. This is down 3.8% from $301,250 in April and up 5.4% from $275,000 in May 2013.
The number of active listings in May was 169. This is below the 5-year May average of 268 and below the 5-year maximum of 400. In April 2014 there were 198 active listings and in May 2013 there were 176 active listings.
The average days on market for May was 75. This is below the 5-year maximum of 110. In April 2014 the average days on market was 64 and in May 2013 the average days on market was 71. Year to date is 82 days on market.
The average sold to original list price ratio in May was 92.2%. This is above the 5-year average of 91.1% and below the maximum of 94.6%. In April 2014 the average sold to original list price was 93.5%, in May 2013 it was 94.6% and YTD it is 93.0%.
Follow this link for a video market report covering Sarasota County in Florida for May 2014.
Real estate market report for Sarasota Florida 34238 for May 2014.