June Sarasota Real Estate Market Report
Sarasota real estate inventory still at low levels
After hitting an eight year low in May of 2013, it seems that the inventory of Sarasota homes for sale in the marketplace has dropped even lower as of the beginning of August. For comparison, this year saw an eighteen percent decrease in the number of available homes as compared to last June. While a smaller inventory of homes can be seen as a good sign for sellers, as there is increased competition for the few homes left, it creates a more difficult task for those currently seeking a home. The law of supply and demand in relation to rising prices can be seen in its simplest form in our current market.
In particular, Sarasota single family homes...