Closes sales for single-family homes were down 12% YoY in March in Sarasota County. The continued reduction in sales has brought inventory levels up 77% when compared to the same time last year. While that may seem drastic, it was actually needed to bring the market back into balance. It continues to be a reasonable time to be on either side of a transaction in Sarasota. The infographic below from Florida Realtors contains more information from March.
March of 2024 in Manatee ended up looking much like March of 2023, with the exception of overall inventory levels. Inventory levels are up over 50% when compared to the same month in 2023; however, overall inventory is still less than four months of home sales. That is keeping the market slightly tilted towards sellers even though it feels pretty well in balance. The infographic below from Florida Realtors contains more information on our most recent closed month.
It is important to protection your personal information when going through a real estate transaction. The infographic below from Florida Realtors provides a framework for keeping your information as safe as you can.
This is just a friendly reminder that April 15th is the last day to file your 2023 taxes in the United States. Also, don’t forget that one of the best ways to mitigate liability is through the mortgage interest deduction.
Florida Realtors has put together the infographic below to help us understand how to ensure a global transaction in Florida goes smoothly.
