September Market Update

Jaya Brossard October 24, 2019

Increased Sales, Balanced Market on Both Longboat Key and in Sarasota

Longboat Key

Residential sales were up considerably in September year-over-year, with 33 sales compared to 24 one year ago. The average sales price was up 5% from 1 year ago. Listing activity was also up, with 52 listings coming online in September. There's currently a 6 month supply of inventory, indicating a balanced market of Buyers and Sellers. 
 

Sarasota

Sales were up slightly year-over-year, with 515 residential sales compared to 449 one year ago. The average sales price was up 6% from September 2018. Listing activity increased as well, with 642 new listings compared to 615 one year ago. There's currently a 5-month supply of inventory, indicating a very slight Seller's market.

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Year End Market Update

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All-in-all, the market has remained very stable over the last few years.

September Market Update

Jaya Brossard

There's currently a 6 month supply of inventory, indicating a balanced market of Buyers and Sellers. 

August Market Report

Jaya Brossard

The same trend was seen in Sarasota, with 316 residential sales in August 2019.

July Market Update

Jaya Brossard

There is currently about a 4 month supply of inventory, indicating a slight Seller's market. 

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