BlogMarket Statistics

Sarasota Real Estate Sales for June

By July 12, 2011 No Comments
Sarasota Property Group

The Sarasota Association of Realtors report the real estate market continues healthy sales in June 2011!

Members of the Sarasota Association of Realtors® continued to sell properties at a brisk pace in June 2011 with 728 total transactions recorded last month. This marks the fourth month in the last 12 with sales exceeding the 700 level – all occurring in 2011. In addition, the median sales price for single family homes hit the highest level since last June, and the total inventory of available properties dropped to the lowest level in more than a decade, which could spur stronger competition for homes and condos.

“It is encouraging to see how the Sarasota market has continued this strong momentum in the face of continuing weakness in the national and state economies,” said SAR President Michael Bruno. “The inventory of available properties, which is lower than it has been since the 1990s, is a very important statistic. Historically, prices rise as competition for homes increases, and we’re seeing that occurring in our market. The percentage of distressed property sales is stabilizing, so prices should naturally continue to rise.”

To view the complete report with statistical information visit: http://www.sarasotarealtors.com/files/monthlystatistics/SRMAGJune2011Stats110712105200.pdf

Author Alex Krumm

As a longtime broker-associate with Re/Max Alliance Group in Sarasota, Alex has directly participated in the sale of hundreds of homes over the course of his career. He's a fanatic technophile dedicated to customer service and believes that incredible and targeted internet marketing is critical to real estate sales. Alex is a Director for the Realtor Association of Sarasota and Manatee and the founding chair of the Suncoast Regional Young Professional's Network. He personally oversees a team of buyer agents working hard to make real estate dreams a reality.

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