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Sarasota Real Estate Market Improving

January 10, 2009

Recent statistics published by the Sarasota Association of Realtors indicate that the number of homes and condominiums being sold is showing signs of improvement. The absorption rate, (the number of homes sold in a month) has increased from 2.5% in November 2007 to 4.16% in November 2008.  Last year the inventory levels of available homes was equal to 39.4 months of supply by November of 2008 that number decrease to 24 months.   The total number of properties listed for sale was 9,897 in November last year, by November of this year the total had been reduced to 6,747.

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