Southwest Florida home sales boom in August

Home sales boomed in Southwest Florida during August with some of the lowest inventories since the real estate boom. But pricing gave some ground in the short term, likely reflecting the preponderance of distressed properties and the bargain-hungry buyers who are still making a strong play for them. Sales rose 15 percent in the Sarasota-Bradenton market and climbed 11 percent in Charlotte County-North Port from a year ago. That sales strength also was seen at both the state and national levels. Though the median sales price of $155,600 in Sarasota-Bradenton was down 3.2 percent from July, it was up 4 percent from a year ago. Charlotte County-North Port's median was $97,600, down 4 percent from a year ago and 9.5 percent from July.
Pascal Schreier
Broker Associate
Pascal@OConnorRealty.info