2015 Was A Record-Breaking Year For Sarasota Real Estate Sales

What a year! The final numbers are in for 2015, and it was a record-breaker! For both Sarasota and Manatee county, real estate closings finished out the year with an all-time record of 20,691 in combined closed transactions, 1,302 sales above last year’s numbers.

Single Family Homes Sales In Sarasota

2015 finished very strong with median home prices up 22.7% over last year in December. The Median days on the market finished down 25%, and inventory is rather low, averaging with just 3.8 months of inventory in December. This means if no other homes were listed, it would take 3.8 months to sell everything we have in current single family home inventory. A normal market is about 6 months of inventory. It’s a seller’s market.

Condos and Townhomes In Sarasota

2015 finished very strong with median home prices up 9.5% over last year in December. The Median days on the market finished down 6.7% at 42 days. Inventory is also still on the low side averaging 4.1 months in December.

Summary

There is a lot to discuss about the current market, and we are here to help explain our opinions on where we are and where we are heading. (and it may not be what you expect). Our goal is to help our clients make better financial decisions when it comes to buying and selling here in Sarasota. Please contact us with any questions!