Inventory of Single-Family Homes and Condos on the Rise in Sarasota and Manatee Counties

By | March 23, 2017

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Housing Market UpThe Realtor Association of Sarasota and Manatee just reported that the combined inventory of single-family homes and condos in the two-county area reached 8,557 in February, the highest number since April of 2012. The number of single family homes for sale in Sarasota County is up by 15.1 percent from February of last year, and is up by 6.5 percent in Manatee County. Condo inventory also increased from last year with Sarasota County up by 24.3 percent, while Manatee County was up by 1.6 percent.

Inventory has been rising in each county for nearly twelve months, resulting in an increase of month’s supply and bringing the area even closer to the benchmark of a balanced market of 5.5 months. In Sarasota County, the month’s supply of condos reached 6.2, indicating a buyer’s market, while single family homes are at a 5.1-month supply. Manatee County is at a 4.9-month supply for condos and a 4.6-month supply for single family.

To read the full press release and view the statistical charts click here.

 

 

 


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