Sarasota Real Estate Inventories Fall Again

The chart above represents real estate for sale in Sarasota, Florida by quarter. In July of 2005 Sarasota had little inventory with a high number of sales which ultimately led to the run up in prices. As you can see from the chart inventories tripled and sales decreased which subsequently resulted in a crash.

Take a look at what has happened recently. Inventories of properties for sale in Sarasota have dropped again. Our current inventory levels are similar to what we had in October of 2005.

This quarter we have 15% fewer properties for sale versus last quarter. This quarter compared to the same quarter a year ago shows that we have 21.4% fewer properties for sale. The pending sales and sold transactions are lower this quarter versus the last. This is typical for the summer time period.

	Curnt vs. Prev Qtr			Curnt vs. Same Qtr 1 Yr Ago
For Sale	5381	6334	-15%	5381	6845	-21.4%
Sold	838	895	-6.4%	838	809	3.6%
Pended	839	1091	-23.1%	839	707	18.7%

Months of Inventory

Our months of inventory have decreased as well. Take a look at how high it was in 2007 when Sarasota had over 30 months of inventory. Right now we are sitting at 6.4 months.

If you are thinking of buying or selling a home in Sarasota, Florida. Give us a call at 941.812.6272.