Year End Market Update

Jaya Brossard January 30, 2020

Longboat Key

2019 ended on a high note with 36 residential real estate sales in December, compared to 22 in December 2018. New listings were down year-over-year with 49 new listings compared to 69 one year ago. Increased sales activity in the 4th quarter helped nudge full-year 2019 sales above 2017 and just slightly under 2018 full-year sales. All-in-all, the market has remained very stable over the last few years.
 

Sarasota

The trend continued in Sarasota, where 624 residential real estate sales transacted compared to 400 in December 2018. Unlike Longboat Key, Sarasota also saw an increase in inventory with 601 new listings compared to 533 in 2018. Full-year 2019 sales were just above 2017 and just slightly less than 2018, indicating a very stable market over the last few years.

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