Over half the single-family homes sold in Sarasota County in June were cash sales. Wow! On the plus side for buyers, inventory is way up YoY. That said, it still has to go a long way before we start to see market balance. As it is the slower season for real estate in our area, we have to watch the next few months to really get a handle on what this market is going to look like when we get to our busier winter months. That said, those risk adverse on both sides of transactions may find this interim period as opportunistic.
