In September 2019, closed sales increased in Sarasota and Manatee counties with single-family homes showing the best year-over-year gains this year.
According to monthly reports from Florida REALTORS®, the combined number of properties sold in Sarasota and Manatee counties increased by 17.1 percent from September 2018 to September 2019. In Sarasota County, single-family home sales increased by 25.7 percent to 689 sales.
The condo market shows sales growth in Sarasota but decreased in Manatee. Sarasota condo sales increased by the highest percentage so far this year, with a 22.1 percent increase to 315 sales.
It’s always a good time to sell a home in our market and with low mortgage rates, buyers are even more attracted to make their purchase. With the rise in sales this month, it’s clear that the buyers are here, now we just need more sellers to add to our inventory.
More listings were added to the market in September compared to this time last year. For single-family homes, new listings increased by 4.5 percent in Sarasota. Condo new listings increased by 7.9 percent.
Combined inventory for both markets in both counties decreased year-over-year by 5.3 percent. A sellers’ market remains with the month’s supply of homes below the 5.5-month benchmark for a balanced market.