It’s A Great Time To Buy! The Basics of Supply and Demand in Sarasota

By | July 17, 2012

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We get asked a lot, “When is the best time to buy a home here in Sarasota?” Well here is the answer… Based on historical data, the best months to typically get a better deal on a home is between July and October. Those are the months when we have the lightest Buyer traffic and when properties tend to sit on the market a little longer than usual. The old supply and demand law kicks in when we have fewer Buyers and more listings. In these times, there will be more Sellers who will be anxious to sell and can be found to make a better deal for the Buyer than if we were in the middle of our busier selling season. Common sense, I know, but an important piece of information. The data from Credit Suisse also shows our prices can typically be lower during those months. Come down to Sarasota and buy during the summer months! –Joe Cleary

Credit Suisse Historical Trends July 2012
(Information and research analysis is from Credit Suisse. Credit Suisse surveys real estate agents across the country each month about trends in buyer traffic levels, home prices, incentives, inventory levels, and the length of time needed to sell a home. In June, Credit Suisse received responses from 900 real estate agents across the country.)


1 Comment

Alex Krumm on July 17, 2012 at 1:14 pm.

Great article, Joe – I’ve been seeing this on my listings lately :) Season went much longer than usual this year but I think I’m starting to see the dog days of summer. There are a lot of sellers who are ‘feeling the heat’ and are ready to sell now!

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