3rd Quarter Update – Sarasota, Manatee and Charlotte Counties

The third quarter of 2019 saw the same stabilized growth of Q2 in both new inventory and median sales price. Consistent with a slower summer season, demand cooled with a slight bump of activity in August. Home values are up 2%, with average days on market increasing 8%, showing although buyers are taking their time, pricing is in line with market demand. Single-family homes sales continue to be strong, particularly in Manatee County, but even a slowing condominium market is appreciating, albeit modestly……

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