* * * * * * * * * * * * *
The following are exerpts from the latest "Monthly Report" by the Sarasota Association of Realtors. CLICK HERE for the entire article including graphs and charts.
The months of inventory rose slightly to 7.1 months from 6.7 months for single family homes,
and dropped considerably for condos, to 9.7 months from September’s 11.1 months. Both figures
are close to a market in equilibrium between buyers and sellers, and again remained far below
the highs of 25.3 months for single family (in early 2009) and 41.7 months for condos (in late
2008). This statistic represents the time it would take to sell the existing inventory at the current
month’s rate of sales.
“There is no doubt that agents are reporting a very active marketplace, with many showings,
good foot traffic and high interest in Sarasota properties,” said SAR President Michael Bruno.
“The start of the season has been busy and productive, and we hope this trend continues in the