The National Association of Realtors is forecasting significantly lower home sales numbers for the next year. The chart below shows expected year on year change being negative through Q2, 2023.
Tag: Sarasota
Categories
Happy Mother’s Day!
CoreLogic is forecasting low risk of our homes going down in price over the next 12 months (see chart below). Our area falls into the “very low” category, with a less than 10% chance of price depreciation. As the U.S. population continues to shift in our direction, I agree with the company’s assessment that it is much more likely we continue to see rising home prices in the next year.
The issues we are seeing in Manatee County are even more pronounced in Sarasota. There simply isn’t enough active inventory to support a balanced real estate market. While some factors are trending in the right direction, they are doing so ever so slowly. See below for more details.
Categories
Happy Easter!
