I have been coming across a strange problem in the last couple months, a problem that I have not had since 2005. I cannot find the properties that my buyers are looking for- especially if they are not willing to go through the inevitable hassle and heartache of a short sale!

At a recent meeting, our company President brought to light some very encouraging information. If you look at this graph, for single family homes under $500,000 in Sarasota County, you will be shocked to learn that there is only 6.5% months of inventory based on closed sales. Year over year our inventory is down 45.7% and pending sales are up 71% percent over this time last year.

While I am no where near insinuating that we are now in a perfectly balanced market with no troubles, I do stand behind the fact that we are clearly on the road to recovery. We all know that windows of opportunity are finite- if you are looking for the opportunity to own a piece of Sarasota while the market is still heavily favoring the buyer, contact me at DrewRussell@MichaelSaunders.com.

Posted by:Drew Russell