The Latest News on Sarasota Real Estate
Here's the latest market update to let you know what's new in Sarasota Florida real estate.
While there is still a supply-demand imbalance that makes Sarasota a sellers market, the frenzy that we've seen in past months has definitely shifted. Buyer tolerance has reached a tipping point and now is the time for sellers to be realistic about list price and the length of time a home will stay on the market.
There are a few reasons for the market shift. Geopolitical factors and volatility in the stock market, inflation, and increasing inventory in the local real estate market are all contributing to the changes. Don't get me wrong - the Sarasota market is still operating at historic highs. BUT the extraordinary trends we've seen over the past year may have reached their peak and now we're seeing a change in pace.
Marketing strategically is more important than ever and, for listers, preparing your home and your mindset are the keys to success. Buyers can expect to enjoy more options in terms of what's on the market, but there are still price premiums and competitive offers.
If you've got questions about the current real estate market, just let me know!
