Housing prices rise in Sarasota-Bradenton

If you read the Sarasota Herald Tribune newspaper this morning you probably noticed the article about how housing prices rose in Sarasota and Bradenton. You can read it here.

A couple of highlights:

• The February-to-March increase is the first time prices have risen in a year. It came with a boost in sales in both Sarasota-Bradenton and the Charlotte County-North Port market. (most likely a fluke).
•  

• Nine out of Florida's 20 largest markets saw month-to-month gains as well, with Gainesville posting a 23.5 percent increase, according to Florida Association of Realtors data released Thursday.
•  

• Statewide, sales rose 30 percent in March while the median sales price dropped 30 percent from a year ago to $141,300. But pricing slipped only $600 from February to March.
•  

This is some positive news for a change. I think it is a fluke that prices rose. The oversupply of properties for sale will continue to put some downward pressure on prices. However, with such a large break in prices it is difficult to believe that prices will fall much further.

If I can help you find a home for sale in Sarasota, Florida give me a call at 941.812.6272.