Real-estate sales jump 10%

With 534 transactions, Sarasota real-estate sales climbed 10% in November. The previous month saw 487 home and condo sales.

Last months sales, however, were 7% lower than November 2009.

The median sales price for a home last month was $160,100, which was $12,600 higher than October’s median price.

At $159,000, the median sale price of condos in November was less than $2,000 higher than the previous month.

The Sarasota Association of Realtors believes a slight upward trend in sales and prices over the past five months indicates a sign of recovery.

“There certainly appears to be a solid foundation for consistent, stable sales and prices as we enter the new year,” said 2010 SAR President Erick Shumway.

Contact Robin Roy at [email protected].