Real Estate Market Report Sarasota Florida for June 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 June 2014.
The number of new listings in Sarasota in June of 2014 was 1,047. This is down 13.5% from 1,210 in May 2014 and up 1.7% from 1.029 in June 2013.
The number of new pendings in June was 1,223. This is down 8.3% from 1,334 in May and down 0.3% from 1,227 in June 2013.
The number of closed sales in June was 1,053. This is down 7.1% from 1,134 in May and up 5.4% from 999 in June 2013.
The median sales price in June was $194,000. This up from $183,500 in May and up from $172,000 in June 2013.
The number of active listings in June was 3,920. This is below the 5-year June average of 5,063 and below the 5-year maximum of 7,814. In May 2014 there were 4,273 active listings and in June 2013 there were 3,441 active listings.
The average days on market (or DOM) in June was 110. This is below the 5-year June average of 119 and below the 5-year maximum of 144. In May 2014 the average days on market was 87 and in June 2013 the average days on market was 95. Year to date is 91 days on market.
The average sold to original list price ratio in June was 91.7%. This is above the 5-year average of 89.7% and below the maximum of 93.1%. In May 2014 the average sold to original list price was 91.8%, in June 2013 it was 93.1% and YTD it is 92.0%.
Follow this link for a video market report covering Sarasota County in Florida for May 2014.
Real estate market report for Sarasota Florida for June 2014.