In a sign of a more active real-estate market, the number of for-sale properties in Sarasota hit its lowest point in six years in February.
With fewer than 5,900 properties currently on the market, the Sarasota Association of Realtors foresees the possibility that prices could rise soon.
“Traditionally and historically, fewer properties on the real estate market usually causes price appreciation,” said Michael Bruno, SAR president. “It’s simply a matter of supply and demand.”
In other positive news, the number of sales last month jumped 24% from January.
The 673 total sales in February were also up 27% from the same period last year.
Median sale prices continued to drop, however, as buyers continued to seek bargains in foreclosures and short sales, which represented 47% of all sales last month.
Month-to-month, the median price for single-family homes fell from $138,700 to $137,500. The median price for condos dropped from $142,500 also to $137,500.
Contact Robin Roy at email@example.com.
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23 2nd Annual Sarasota Fall Fine Art Festival
11:00 am - 5:00 pm
24 Baby Wearing Dance Class
10:00 am - 11:00 am
27 Thanksgiving Free Public Talk & Veggie Potluck
10:00 am - 3:00 pm
29 Light Up Siesta Village and Holiday Parade
5:00 pm - 9:00 pm
Cops Corner: Sarasota
Enjoy this week's edition of Cops Corner.
World on a string
The exchange of goods and chatter are the usual soundtrack for the Saturday morning Downtown Farmers Market on Orange Avenue.
Read all about it
Bookstores across the state celebrated Florida Bookstore Day Saturday. Bookstore1 held an all-ages literary party and read-a-thon for customers and members of the community.