Our best months for Sarasota home sales last year were March-May. During that time, we sold more homes each month and the average price of homes sold was $284k. The rest of the year, total volume sales and prices varied each month. In January 2015, the average price of homes sold was $277k. Does that mean that prices are dropping? No, by comparison, Jan '14 to Jan '15, we sold six percent fewer homes this year (most foreclosures were sold by last year), AND the average price increased by $11k. Since the stronger months for home sales are March-May, using the January trend increase, then one can predict that the average price may be as high as $295 ($284+11) this spring.
If you are waiting to buy or sell your home in Sarasota, now is the time. So call me at 941-914-4914...I'm excited to work for you!
Linda
Data supplied by Trendgraphix 2/21/2015, * All reports are published February 2015, based on data available at the end of January 2015, except for the today stats. All reports presented are based on data supplied by the Mid-Florida MLS. The Mid-Florida MLS does not guarantee or is not in anyway responsible for its accuracy. Data maintained by the Mid-Florida MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
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