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Real Estate Sales in Sarasota on the Rise.

October 27, 2008

The Sarasota Association of Realtors has reported that single family home sales for the month of September have soared to a total of 360.  That is an increase of more than 54 percent over last September.  The single family home absorption rate is now at 12 months, while the condominium absorption rate is at 27 months. The median home sale price in Sarasota Manatee dropped 29% to $200,800 by September’s end.  The  median condo prices dropped 44 percent over the previous year, to $156,400 from $280,400. In Florida, as in the nation, the number of home sales has picked up, with the Florida Association of Realtors reporting the first statewide increase in sales since year end 2005.

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