Buyers have driven the inventory of available properties in Sarasota County to below 4,000 for the first time in seven years. Similarly, the inventory of properties in Manatee County fell below 3,000 for the first time since August 2005. In both counties property inventories have fallen by three-quarters from their peaks in 2007, during the height of the market’s downturn.
Sales of luxury properties over $1 million were also strong in June, with sales in Sarasota County besting last June by 79%. Likewise, June sales of luxury properties throughout Manatee County were up 50% over last June.
These are just a few of the top-line findings in this month’s Residential Real Estate Market Report For Southwest Florida based on actual sales results for the month of June supplied by the independent market research firm, Trendgraphix.
Read the report in its entirety here by clicking on the image below.