Sarasota Real Estate Facts and Figures

Let me explain these charts since they are a little difficult to read. The general overall trends are most important. Each graph shows the number of homes and condos for sale in Sarasota. The red solid line is the number of properties pending and the smaller bar graph represents the number of sales each month. These numbers come from our Sarasota MLS. The top chart is from November of 2003 to January 2005. Notice how inventories came down and the ratio of sales to inventory. The 2nd chart is from January of 2005 to March of 2006. Starting in the middle of 2005 notice how the inventory levels started to rise. The 3rd chart is from March of 2006 to May of 2007. Hopefully, inventories have peaked. There are still plenty of properties on the market for sale with pie in the sky prices. Common traits of a successful sale are great marketing, easy access, good condition, aggressive pricing that coincides with the properties location/condition and, with some exceptions, properties that are priced 20% or so lower than 2005 prices.