The 2nd Quarter edition of our Real Estate Market Update, The Ranck Report is now available. Download your copy here!
It is shaping up to be an interesting year indeed. Condo sales have been very active this past quarter. Overall, closed condo sales are up 26% over last quarter and almost 11% over last year. Single family home sales are up 27.6% over last quarter and 8.2% over last year. On the islands and downtown condo sales are up 46% over last quarter and 13.3% over last year, but the average price has remained almost the same.
The most active price range across the entire area* is from about $200,000 to $350,000 and the average days on market in this price range is between 45 and 70. In the Sarasota area there are about 4 months of inventory and 3064 active listings currently on the market.
*See Section III. About the Data in the report for a list of zip codes included in the report.