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Mike's Real Estate Market Update: Inventory Levels Continue to Rise

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...

Jan 24 4 minutes read

Inventory levels continue to rise!  

What does this mean to you as a buyer or seller?


Watch Mike's Real Estate Market Report to find out the answer to this question and learn how to use this information to formulate your competitive advantage!

Sarasota County

December 2018 is a Buyer's market*

Months of Inventory based on Closed Sales in December 2018: 6.6

Up 20.2% compared to last month

Up 43.9% compared to last year


Manatee County

December 2018 is a Neutral market*

Months of Inventory based on Closed Sales in December 2018: 4.5

Up 4.6% compared to last month

Up 12.5% compared to last year

Longboat Key

December 2018 is a Buyer's market*

Months of Inventory based on Closed Sales in December 2018: 18.7

Up 65.4% compared to last month

Up 95.1% compared to last year

Holmes Beach/Bradenton Beach

December 2018 is a Buyer's market*

Months of Inventory based on Closed Sales in December 2018: 14.9

Up 32% compared to last month

Up 60.4% compared to last year

Siesta Key

December 2018 is a Buyer's market*

Months of Inventory based on Closed Sales in December 2018: 18.6

Up 54.8% compared to last month

Up 101.8% compared to last year

Venice

December 2018 is a Neutral market*

Months of Inventory based on Closed Sales in December 2018: 5.9

Up 40.4% compared to last month

Up 47.6% compared to last year

Sarasota

December 2018 is a Buyer's market*

Months of Inventory based on Closed Sales in December 2018: 6.8

Up 17.1% compared to last month

Up 48.1% compared to last year

Bradenton

December 2018 is a Neutral market*

Months of Inventory based on Closed Sales in December 2018: 4.2

Up 10.5% compared to last month

Up 16.9% compared to last year

Please let me know what area you would like me to personally perform a market analysis on for you?

[email protected]

941-400-8735

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To best understand the market, we need to look at the four factors (sales performance, price direction, how much competition, length of time on the market) I have highlighted on our plan below.  When we combine all of these factors for your specific area, you will be fully equipped to negotiate the best deal for you!  Isn't that what it is all about?


Our Current Coverage Plan:

  • First Monday - How long is it taking to get properties sold?  
  • **Second Monday - What trends do we see in area sales?
  • Third Monday - Are local prices rising or falling?
  • Fourth Monday - How much inventory is out there today?
  • Fifth Monday - No Report

** New Monthly Data Released

All reports are published January 2019, based on data available at the end of December 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 anyway 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:


 


 

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

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