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Mike's Weekly Real Estate Market Update 



In this broadcast, Mike shares the latest market data and explains what this means to you as a buyer or seller:  August 6, 2018


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Mike's Real Estate Market Update: August 6, 2018

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...

Aug 4 5 minutes read

Watch and Listen to Mike's Real Estate Market Report

Please let me know what area you would like me to personally prepare for you?

[email protected]

941-400-8735

*********************

My Current Coverage Plan:

First Monday - What trends do we see in area sales?

Second Monday - Are local prices rising or falling?

Third Monday - How much inventory is out there today?

Fourth Monday - How long is it taking to get properties sold?  

Fifth Monday - No Report

Today's Coverage:  What trends do we see with area sales and what does that mean to you as a buyer or a seller?


For Sale vs. Sold vs. Pended

About the For Sale vs. Sold Report

  • For Sale numbers are the snapshot of the number of properties for sale at the end of the month.
  • Pended numbers represent the number of properties that went into the "pending" status for that month.
  • Sold numbers represent the number of properties that are sold for that month.

 

Buyers/Sellers/Neutral Market

Use current inventory level to determine market condition. Generally

  • Inventory level of less than three indicates a strong seller market
  • Inventory level greater than six indicates a buyer's market.

Sarasota County

June 2018 is a Neutral market*

Home For Sale in June 2018: 4344 units.

Down 3.8% compared to last month

Down 0.2% compared to last year


Home Closed in June 2018: 1215 units.

Down 8.2% compared to last month

Up 3% compared to last year






Manatee County

June 2018 is a Neutral market*

Home For Sale in June 2018: 3017 units.

Down 4.4% compared to last month

Up 0.5% compared to last year


Home Closed in June 2018: 936 units.

Down 1.6% compared to last month

Up 7.2% compared to last year





Longboat Key

June 2018 is a Buyer's market*

Home For Sale in June 2018: 343 units.

Down 3.9% compared to last month

Down 10.9% compared to last year


Home Closed in June 2018: 56 units.

Down 16.4% compared to last month

Up 12% compared to last year





Holmes Beach/Bradenton Beach

June 2018 is a Buyer's market*

Home For Sale in June 2018: 197 units.

Down 2.5% compared to last month

Up 4.8% compared to last year


Home Closed in June 2018: 23 units.

Down 39.5% compared to last month

Up 4.5% compared to last year






Siesta Key

June 2018 is a Neutral market*

Home For Sale in June 2018: 4344 units.

Down 3.8% compared to last month

Down 0.2% compared to last year


Home Closed in June 2018: 1215 units.

Down 8.2% compared to last month

Up 3% compared to last year





Venice

June 2018 is a Seller's market*

Home For Sale in June 2018: 859 units.

Down 6.7% compared to last month

Up 4.6% compared to last year


Home Closed in June 2018: 295 units.

Down 8.1% compared to last month

Up 9.7% compared to last year






City of Sarasota

June 2018 is a Neutral market*

Home For Sale in June 2018: 2469 units.

Down 2.6% compared to last month

Down 0.9% compared to last year


Home Closed in June 2018: 661 units.

Down 3.6% compared to last month

Up 4.6% compared to last year





Bradenton

June 2018 is a Seller's market*


Home For Sale in June 2018: 1531 units.

Down 5% compared to last month

Up 4.3% compared to last year


Home Closed in June 2018: 531 units.

Down 1.1% compared to last month

Up 11.3% compared to last year






All reports are published July 2018, based on data available at the end of June 2018, except for the today stats. All reports presented are based on data supplied by the Mid-Florida MLS. The Mid-Florida MLS does not guarantee or is not in any way responsible for its accuracy. Data maintained by the Mid-Florida MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

Mike Provides even more Crucial Information for his Buyers and Sellers:


 


 

Published: July 2018*
Property Types: All Res. Proptype - All Properties - All Properties -
All Property Statuses


All reports are published July 2018, based on data available at the end of June 2018, except for the today stats. All reports presented are based on data supplied by the Mid-Florida MLS. The Mid-Florida MLS does not guarantee or is not in any way responsible for its accuracy. Data maintained by the Mid-Florida MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

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