Strong selling season. Inventory down, sales and prices up. As of the end of January, there were only 4,419 homes for sale (single family and condos).  Compare that to the 5,779 homes for sale one year ago.  That equates to 25% less homes for sale in January 2020 vs. the same month last year.  Although … Continue reading Strong selling season.

In December, single family and condominium home sales closed out the year consistent with 2019 trending sales.  As we ride into the new decade, 2020, I do not foresee any material GEO political/economic, national, regional or local indicators which will alter the current pace and scope of single family and condominium sales in Sarasota County.  … Continue reading Inventory low, prices up.

  As 2019 draws to a close, from a macro level, “resilient” is an apt descriptor of the State of the Sarasota County Housing Market.  Inventory remains low, consistently a 3 to 4.5-month supply.  With few choices, homes are on the market for about 75 days.  Concomitant therewith, prices have appreciated, although modestly, at generally … Continue reading 2019 Year in Review: Sarasota County

SARASOTA COUNTY: Home & Condo Sales Report for October 2019 AND THE BEAT GOES ON. As we are nearing the end of the year and contemplating the year to be, it is staggering the number of  development projects recently completed, under construction or planned in Sarasota County.  Barring disruptive Geopolitical/economic events, with interest rates and … Continue reading And the Beat Goes On … Sarasota County Home & Condo Sales Report Oct 2019

SARASOTA COUNTY: How’s the Market? Polish Your Pennies. Home & Condo Sales Report for the month of August 2019   Robert Goldman September 11, 2019   I’m always asked … How’s the Market?  That question is always followed up with the second, real question: If I was going to buy or sell today, how would … Continue reading How’s the Market? Polish Your Pennies.

August 25, 2019 Sarasota County: Incubator for National Housing Trends Back in February I predicted a Market Shift in the Sarasota County Housing Market.  Coincidentally, in the Real Estate Section of yesterday’s Herald Tribune, syndicated columnist Lew Sichelman reported nationally, what I predicted 6 months ago for Sarasota County.  It is comforting to know that … Continue reading Sarasota County: Incubator for National Housing Trends

SARASOTA COUNTY: Unit Sales Strong.  Low Inventory.  Prices Sluggish. Home & Condo Sales Report for the month of July 2019     July was a strong month for pending sales and closings in Sarasota County.  782 single family homes went under contract in July, an increase of 17.6% from the 665 pended sales in July … Continue reading Unit Sales Strong. Low Inventory. Prices Sluggish.

SARASOTA COUNTY: The General Housing Market for the Average Joe. Home & Condo Sales Report for June 2019   One of today’s lead off, front page stories in the Herald-Tribune was titled “High-end home sales strong, again”, with the luxury market defined at $3 million plus.  That’s good, because rising tides should raise most ships, … Continue reading The General Housing Market for the Average Joe.

SARASOTA COUNTY: Steady as we go … with a watchful eye. Resale Housing Report for May 2019   I expect the Fed will cut rates this year.  It will ease, not tighten monetary policy, as the economy shows signs of weakness.  In 2018 the US added 233,000 jobs per month.  But, in May 2019, it … Continue reading Steady as we go, with a watchful eye.

Home Prices Level Off in Sarasota County  April 30, 2019 Home prices have leveled off, as Sellers lower their expectations.  The uncertainty in the market over the past 6 months has largely been due to a weak European economy, the trade tariff dispute with China, and a volatile equity market.  They are showing varying signs … Continue reading Home Prices Level Off.