In November 2019, REALTORS® in Sarasota and Manatee counties participated in 1,655 total residential sales, 4.1 percent more than the same time last year. According to monthly reports from Florida REALTORS®, inventory in the two-county area declined year-over-year and the number of pending sales increased as buyers rush to close before the New Year.
Total pending sales for both markets in the two counties increased by 25.9 percent from November of last year. Single-family pending sales showed a significant increase with a 41.7 percent uptick in Sarasota and a 20.8 percent rise in Manatee. In Manatee, condo pending sales increased by 23.9 percent and Sarasota condos increased by 4.7 percent.
The current inventory combined with the current pace of closed sales created a decrease in the month’s supply.
You may read the full and detailed report on both single family homes and condos here: https://www.myrasm.com/november2019/?_cldee=c2hheWxhdHdpdEBnbWFpbC5jb20%3d&recipientid=contact-b20ad1ac6f214a55b3db79dbd79fc379-2016c9dc0c3042c3ab48a9670cda4dc8&esid=9977846d-7522-ea11-9c31-00155d080800
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