Sarasota Real Estate Sales Up in January 2013
With the remaining inventory of properties “near the lowest level in a decade,” the Sarasota real estate market reported sales up by a 22 percent pop in January 2013, compared to January 2012.
The Sarasota Association of Realtors® reported data in a press release that members sold 626 properties in January - 466 single family homes and 160 condominiums. In January 2012, 365 single family homes and 148 condos sold.
Pending sales, a forecast of future real estate closings totaled 1,047 in January. This was the highest level in nine months, and above the 963 pending sales reported in January 2012, indicating that February sales should also remain strong.
While the available inventory remained near its lowest level in the last 10 years, it rose somewhat in “January 2013 to 3,846 from the December 2012 total of 3,657. The figure was still 1,000 fewer properties than in January 2012.”
SAR President Roger Piro stated "We are seeing...