October Stats Shows Sarasota Home Sales Going Strong
October 2012 marks a great month in Sarasota real estate sales. Home sales are up 24% over last year. Pending sales are also up 24% for the same period. Single family home prices have jumped 17% in the past twelve months while Sarasota condominiums have increased by 11%. The amount of inventory available is at its lowest level since 1998. Sales are going strong into the winter sales season after a brisk summer and steady autumn.
A year ago, real estate professionals sold 577 properties in the month of October. This year, that number jumped to 719. That is a 24 percent increase in just twelve months. These numbers support the 2012 real estate recovery that real estate agents have seen for several