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The Good News is Your Sarasota & Manatee County Market Update for May 2023

πŸ“ˆπŸ‘ Sarasota & Manatee County Market Update for May 2023! πŸ’Όβœ¨ The market is showing interesting trends: πŸ“‰πŸ’ Overall, the market has declined by almost 10%, with condos taking a bigger hit at nearly 20%. Sales volume is at historic lows for houses and condos. However, median prices have risen by 3% for houses and 0.5% for condos. We are currently in a neutral market for Single Family Homes (3 months) and condos (3.5 months) in Sarasota. Moving over to Manatee County, home listings are up by 20% while condos have seen a 5% increase. Median prices for single-family homes have decreased by approximately 6%, while condos have seen a 3% increase. Single-family homes in Manatee County are still in a seller’s market, while condos are in a neutral market. Overall, prices remain stable, but sellers should be mindful of overpricing. Stay informed with Good News is Sarasota! πŸ“ŠπŸ˜οΈπŸ’Ό #RealEstateUpdate #MarketTrends #SarasotaCounty #ManateeCounty #HomeListings #MedianPrices #NeutralMarket #Seller’sMarket #StayInformed #GoodNewsIsSarasota

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