The Manatee Association of Realtors today reported a sixth consecutive month of sales gains thanks to first-time home buyers taking advantage of the most favorable conditions.
In total, 305 single-family homes changed owners in June, an increase of 66.6% over six months ago and 8.9% ahead of the May figure.
Furthermore, sales of foreclosed, bank-owned and short sale properties continue to shrink in June. Those properties, which typically sell below market prices, made up 42% of all single-family home sales in Manatee County. That compares to 60% in January, 74% in February, 68% in March and 51% in April, 55% in May.
Manatee County median sales price for existing homes in June was $190,000, up from last month's $164,750. But the association noted that according to housing industry analysts with the National Association of Realtors, sales of foreclosures and other distressed properties continue to downwardly distort the median price because they generally sell at a discount.
The trend for pending single-family home sales has been steadily moving upward during the past six months. June data reports well over a 50% increase in pending single-family home sales with 687 under contract compared to 324 reported in May. The number of single family homes listed on the Multiple Listing Service also dropped from 7,075 one year ago to 5,448 at the end of June.
Housing statistics are provided by the Manatee Association of Realtors and are based on data supplied by the Mid-Florida Regional Multiple Listing Service.
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8 GNC Center for Building Hope Race Series
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12 LWRBA March Membership Luncheon
11:30 am - 1:00 pm
12 March Membership Luncheon
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15 Palma Sola Botanical Park plants, antiques and crafts sale
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Daylight Saving Time starts 2 a.m. Sunday, so be sure to set your alarm accordingly.
The Tabernacle Christian School middle school student Lauren Medred, an East County resident, earned top vocal honors, taking first place in vocal solo female category of the Florida League of Christian School’s Festival of the Academics and Arts Feb. 28 and March 1 at Southeastern University in Lakeland.
Manatee County schools dominated a state technology competition with five of six top-three finishes earned by Manatee County schools during the 35th annual Technology Student Association State Competition late February.