Sarasota, Manatee & Charlotte Counties: July 2011 – Year Over Year Sales Comparison

Sales and inventory levels for July 2011 followed the exact same positive trends in Sarasota, Manatee and Charlotte Counties.

• The total number of homes for sale is down significantly across all three counties—by 24.7% in Sarasota County, 28.5% in Manatee County; and by 22.8% in Charlotte County

• Following an exceptionally active spring selling season, the summer slowdown happened as usual in July. Closed sales between June and July dropped by 18.7% in Sarasota County, by 15.3% in Manatee County; and by 17.4% in Charlotte County.

• Compared with last July, however, closed sales were up across the board—by 21% in Sarasota County, 4.6% in Manatee County; and by 4.5% in Charlotte County.

• Pending sales saw the biggest year-over-year improvement in July. Pendings were up by 28.9% in Sarasota County, by 23.6% in Manatee County; and by 11% in Charlotte County. Pending sales are the market’s best indicator of closed sales to come 60 to 90 days out. Thus, these numbers reflect the continued strength of market’s recovery and buyer acceptance of today’s bottoming home prices.

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