Real Estate Market Report Sarasota Florida 34238 for June 2014

Real Estate Market Report Sarasota Florida 34238 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 the 34238 zip code in Sarasota Florida for June 2014.

The number of new listings in the 34238 zip code in Sarasota in June of 2014 was 61. This is up 7.0% from 57 in May 2014 and down 1.6% from 62 in June 2013.

The number of new pendings in June was 57. This is down 25.0% from 76 in May and down 24.0% from 75 in June 2013.

The number of closed sales in June was 67. This is down 9.5% from 74 in May and up 6.3% from 63 in June 2013.

The median sales price in May was $260,000. This is down 10.3% from $289,750 in May and up 5.7% from $246,000 in June 2013.

The number of active listings in June was 175. This is below the 5-year June average of 255 and below the 5-year maximum of 369. In May 2014 there were 169 active listings and in June 2013 there were 157 active listings.

The average days on market for June was 109. This is below the 5-year maximum of 133. In May 2014 the average days on market was 75 and in June 2013 the average days on market was 120. Year to date is 87 days on market.

The average sold to original list price ratio in June was 91.6%. This is above the 5-year average of 90.5% and below the maximum of 94.0%. In May 2014 the average sold to original list price was 92.2%, in June 2013 it was 94.0% and YTD it is 92.8%.

Follow this link for a video market report covering Sarasota County in Florida for June 2014.

Real estate market report for Sarasota Florida 34238 for June 2014.