Spring Housing Market Starts Early on Sarasota's Suncoast

By
Real Estate Agent with PalmerHouse Properties Florida - 941-882-0322 | Serving Sarasota, Manatee & Charlotte Counties

Housing Market Expected to “Spring Forward”

Housing Market Expected to “Spring Forward” | MyKCM

 

The "Spring Market" on Sarasota's Suncoast Starts Earlier

Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale in the market right now is what is holding back the market. Many potential sellers believe that waiting until Spring is in their best interest, and traditionally they would have been right. Buyer demand has seasonality to it, which usually falls off in the winter months, especially in areas of the country impacted by arctic temperatures and conditions. The great thing about real estate in Florida is that our season usually starts early in the winter months when the snowbirds and tourists are in town and then it continues on because many of snowbirds are wanting to buy down here, but wait until spring to list their homes up north. After those homes are sold, then end up buying a home on Sarasota's Suncoast!

That hasn’t happened this year.

Demand for housing has remained strong as mortgage rates have remained near historic lows. The National Association of Realtors (NAR) recently reported that the top 10 dates sellers listed their homes in 2016 all fell in April, May or June. Those who act quickly and list now could benefit greatly from additional exposure to buyers prior to a flood of more competition coming to market in the next few months.

Considering Selling a Home on Sarasota's Suncoast?

If you are planning on selling your home in 2017, let’s get together to evaluate the opportunities in our market. If you're curious about the value of your Sarasota Suncoast home, call Julie Larson at 941-882-0322 or complete the form below...
~Keeping Current Matters

Comments (2)

Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Julie.  Thanks for the update for the Sarasota real estate market.

Mar 11, 2017 04:37 AM
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Hi Julie!  This is great information on Sarasota's spring housing market!  I'm working on my sellers, trying to heed NAR's advice to list early - before those April-May-June months!  Buyers here are chomping at the bit for those new listings, that's for sure!  I'm sure they are in Sarasota also!

Mar 26, 2017 08:45 PM