The Greater Sarasota area market is better than it has been in several years.  According to the Sarasota Association of Realtors, the market closed 6699 sales in all of 2009 versus 5459 in 2008 (Solds: 22.7 % increase).  The overall property inventory has reduced from well over 10,000 in 2008 to almost 6000 today.  (For Sale: 40% decrease)



That is the foundation for market improvement, but price points are still being impacted by “short sales” and bank owned foreclosures. (Distressed sales closed: 136% increase in 2009)   But new foreclosure listings in many of the East County Neighborhoods that were hit hardest over the past few years is past the foreclosure peak.  Yes there are still foreclosures being filed today, but the pace is slowing in my immediate market areas. 

Supply is down.  Demand is up.  Distressed homes for sale are thinning.