Sentiment is down, does that mean the prospect of higher returns is up?
According to a recent Gallup poll, real estate remains a top investment choice for Americans, although its popularity has decreased to a five-year low. In April, 34% of respondents selected real estate as the best place to invest their money, out of options including stocks, bonds, gold, and savings accounts. This poll has consistently ranked real estate as the preferred investment for the past decade.
The single-family home market in Sarasota County moved largely in lockstep with Manatee in April. We saw the same offsetting market data that leads to neither sellers or buyers having overwhelming negotiating leverage. As we head into the summer season, it looks like the Sarasota County market will remain in a healthy balance. The infographic from Florida Realtors below contains more detailed information on the results from April.
The infographic below lists advice from Florida Realtors regarding lesser-known financing options.
In March, the market for single-family homes in Sarasota County continued on the same path that we have observed over the last several months. Although sales remain slightly down year-on-year, the median sales price continues to trend upward. While we saw a shift in Manatee, Sarasota’s statistics remained unchanged.
Although we could still use more inventory in Sarasota, the market is in good shape as we head into summer. As all-cash sales decline, buyers requiring financing now have more opportunities to find their dream home.
The infographic below contains advise from Florida Realtors on how to ensure out-of-country buyers can ensure a successful Florida transaction.
