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Sarasota-Bradenton Ranks 2nd Nationally in Re-Sales

According to a recent report from Housing Intelligence, the Sarasota-Bradenton area ranked second in home re-sales nationally in metro areas with at least 10,000 resales over the last 12 months. This is yet another sign that our market has found at least an inventory bottom and will continue to be an attractive investment market in the future.

The report goes on to say that even though property sales fells 3.8 percent nationwide in May, some markets are showing signs of health. The volume of sales in the Sarasota-Bradenton area over the last 12 months is at 70% of the sales volume of 2006 and prices are now on average 35% below where they were then.

If you are thinking of purchasing property in this area, now is a great time to pull the trigger. There are still plenty of choices, but the “good ones” are, once again, going fast. Contact Steve or call 941-374-1994 for further information.

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