July 2007 Real Estate Statistics for the Greater Sarasota Area

While these numbers don't seem to be that great, there is good news within them.  In July of 2006, there were a total of 5684 active listings on the market in Sarasota Florida, so it appears we are eating through some of that inventory.  The amount of new listings in July of '07 was 733, yet in July of '06, there was a whopping 1,070 new listings.

Now we have an 18 month supply of real estate inventory in Sarasota.  But the good news is, much of that inventory is now priced  at 2003 and 2004 levels. 

Many buyers ask me if it's a good time to buy in this area.  I think the real question is, "What IS the best Real Estate buy?". Then buy it!