Sarasota April Homes Sales Exceeds March’s 7-Year High

The Sarasota real estate market is making great strides to recovery.  The 866 real estate transactions that closed in April 2012 marked a new 7-year high for monthly sales.  Monthly sales were up 6.6% from March’s transactions.  In fact, we haven’t experienced a higher number of closings since August 2005.

Key Real Estate Stats from April 2012

Single Family Homes

  • 589 Sold
  • Median Sales Price – $175,000 (Slightly above March’s figure)
  • 2758 Active Listings
  • 4.7 months of available inventory

Condos

  • 297 Sold
  • Median Sales Price – $191,750  (Just above March’s figure)
  • 1525 Active Listings
  • 5.1 months of available inventory

“We’ve had an incredible string of positive numbers in the Sarasota real estate market, and we hope for a consistently strong market going forward,” said SAR President Laura Benson. “I’m hopeful that this will be the case, because we seem to be leading the nation into the real estate market recovery. The national economy continues to improve, employment numbers are better, and we’re in the perfect marketplace in Sarasota.”

Read the Sarasota Association of Realtors complete report, “April 2012 sales hit a new seven-year high

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