Seller’s Real Estate Market Shows No Signs Of Slowing: RASM

 Seller’s Real Estate Market Shows No Signs Of Slowing: RASM

SARASOTA, FL — The Sarasota and Manatee housing market shows little signs of abandoning the trends seen in recent months.

According to data from Florida Realtors and compiled by the Realtor Association of Sarasota and Manatee (RASM), the low supply of inventory continues to decrease the days homes are on market and drive up prices.

In October, Realtors in Sarasota and Manatee counties represented a total of 2,037 sales – a 15.5 percent decrease from the same month last year, RASM said in a news release.

Single-family home sales in Sarasota County decreased by 15.2 percent to 788 sales, while Manatee County single-family sales decreased by 12.3 percent to 672 sales. Condo closed sales decreased by 24.6 percent to 319 sales in Sarasota and decreased by 11.6 percent to 258 sales in Manatee.

Despite a decrease in the number of single-family home sales this month, both counties have seen an increase in total dollar volume from a year…

Read full article…patch.com