Single-family home activity in Sarasota County mirrored the activity in Manatee County more closely in April than I have seen in a long time. The year-on-year change in Sarasota County roughly matched Manatee County across the board. It looks like this summer will continue to be a solid time to buy in Sarasota County as buyers should have a bit more leverage than sellers as long as the current market conditions hold. The infographic below, from Florida Realtors, contains more information.
“Great achievement is usually born of great sacrifice, and is never the result of selfishness.” —Napoleon Hill
The market for single-family homes in Manatee County remained relatively soft in April. Inventory levels are up 33% when compared to a year ago, and transactions were roughly flat year over year. The lower end of the market is stronger than the upper end, which is pushing the median sale price down. Overall, this summer is shaping up to favor buyers at this point. That said, we have seen an uptick in activity in the last few weeks. The infographic below from Florida Realtors contains more information.
Mortgage interest rates have remained steady over the past 30 days. As of this week, the average U.S. interest rate for 30-year fixed-rate mortgages is 6.81%, virtually unchanged from 6.83% a month ago. However, predictions for future interest rate movements are still uncertain.
The infographic below from Florida Realtors provides a pretty comprehensive list of financing options available for your next home.
