STRONG SHOWING FOR JUNE IN THE SARASOTA REAL ESTATE MARKET!
Posted by Bryan Guentner on Wednesday, July 28th, 2010 at 11:03am.Home sales in Southwest Florida soared during June, rising 35 percent in the Sarasota real estate market. June was the fourth straight month that sales topped the 1,000 mark in the Sarasota real estate market, a level that harkens back to the pace of summer 2005, when the real estate boom was still in swing.
The median sales price of $170,400 in the Sarasota real estate market was a 5 percent increase from a ago and up 2.4 percent from May, according to data released Thursday by Florida Realtors, the former Florida Association of Realtors.
The region's strong showing -- and a 17 percent spike in sales statewide -- was somewhat overshadowed by a 5.1 percent decline nationally, evidence that the broader housing market is struggling and may drag on the recovery.
Some think Southwest Florida will fare better than most markets because the region was shocked into reality more swiftly than other parts of the state when the real estate boom ended.
Statewide, 18,371 homes changed hands last month while the median sales price dropped 3 percent to $137,700 from a year ago. The price also was down 1.9 percent from $140,400 in May.
Sales nationally dropped 6.5 percent in the South, but the decline was led by a more than 9 percent drop from in the West. Sales were down 7.5 percent in the Midwest but up nearly 8 percent in the Northeast.
The median sale price was $183,700, up 1 percent from a year earlier.
This information is from the Sarasota Herald Tribune.
Don't forget to contact Re/Max Platinum Realty at 941-929-9090 for your needs in Sarasota real estate, as well as your needs for Siesta Key real estate and Casey Key real estate.
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