My article summarizing the state of North Port’s real estate market for June 2011 was quoted in a recent Herald-Tribune article by Michael Braga. Here is the indtroduction and a link to the full story.
It seems like only yesterday that North Port was suffering from a glut of distressed homes that kept coming on the market at fire-sale prices.
But today the situation looks very different. According to an analysis provided by Michael Saunders & Co. agent Robert S. Goldman, a 4.3-month supply of homes was for sale in North Port at the end of June -- a ridiculously low number, considering that a six-month supply represents a healthy market and anything below that means sellers can begin pushing prices up.http://www.heraldtribune.com/article/20110725/ARTICLE/110729874/2413/BUSINESS?Title=North-Port-running-low-on-homes-to-list
