Visit Our Brand New Team Renick Website!
Check it Out!
Do you want content like this delivered to your inbox?
Share
Share

Mike's Market Update - March 2020 - Part 1: The Latest Numbers

Michael Renick

The Key to our success is You!  We understand that.  The strongest aspect of communications is listening...

The Key to our success is You!  We understand that.  The strongest aspect of communications is listening...

Mar 24 3 minutes read

As we all know, we are facing some confusing and uncertain times right now in our communities, our businesses, and the housing market.  But, we don't have to fear.  In this first part of our two-part market update, Mike will break down the latest numbers and give some insight into where things might be headed.  He'll also introduce what we're calling The Team Renick Initiative.  So click below to watch Part 1 of our March Market Update!

Sales

February 2020 is a Neutral market*

Home For Sale in February 2020: 7366 units.

Down 0.8% compared to last month

Down 22.2% compared to last year


Home Closed in February 2020: 1760 units.

Up 10% compared to last month

Up 11.7% compared to last year


Home Placed under Contract in February 2020: 2644 units.

Up 15.4% compared to last month

Up 27.4% compared to last year

Price

February 2020 Average Sold Price per Square Footage is Neutral*

Average Sold Price per Square Footage in February 2020: $213

Down 3.6% compared to last month

Up 6.5% compared to last year

Days on Market

February 2020 Average Days on Market trend Remains Steady*

Average Days on Market in February 2020: 73

Down 1.4% compared to last month

Down 13.1% compared to last year


February 2020 Sold/Original List Price Ratio is Rising*

Sold/Original List Price % in February 2020: 94%

0% compared to last month

Up 2.2% compared to last year

Months of Inventory

February 2020 is a Neutral market*

Months of Inventory based on Closed Sales in February 2020: 4.2

Down 8.6% compared to last month

Down 30% compared to last year

All reports are published March 2020, based on data available at the end of February 2020, except for the today stats. All reports presented are based on data supplied by the My Florida Regional MLS DBA Stellar MLS. The My Florida Regional MLS DBA Stellar MLS does not guarantee or is not in anyway responsible for its accuracy. Data maintained by the My Florida Regional MLS DBA Stellar MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

 And for more great videos, check out our YouTube channel.

Market Updates for other Local Communities:

Anna Maria   Bradenton   Casey Key   

Downtown Sarasota/Bird Key/Lideo Key

Lakewood Ranch   Longboat Key   Sarasota   Siesta Key

Venice

I would enjoy the opportunity to prepare your personal report:  No Obligation!

Reach out to Mike
We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info