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Mike's Real Estate Market Update: November 2019

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...

Nov 26 3 minutes read

The latest market data is out and 

we'll break it all down for you!


Watch Mike's Real Estate Market Report to learn how to use this information to formulate your competitive advantage!


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Sales

October 2019 is a Neutral market*

Home For Sale in October 2019: 6906 units.

Up 5.2% compared to last month

Down 8.7% compared to last year


Home Closed in October 2019: 1811 units.

Up 0.3% compared to last month

Up 10.6% compared to last year


Home Placed under Contract in October 2019: 1945 units.

Up 17.7% compared to last month

Up 16.3% compared to last year

Price

October 2019 Average Sold Price per Square Footage is Neutral*

Average Sold Price per Square Footage in October 2019: $192

Up 2.1% compared to last month

Up 6.7% compared to last year

Days on Market

October 2019 Average Days on Market trend is Falling*

Average Days on Market in October 2019: 71

Down 9% compared to last month

Down 2.7% compared to last year


October 2019 Sold/Original List Price Ratio is Rising*

Sold/Original List Price % in October 2019: 93%

0% compared to last month

0% compared to last year

Months of Inventory

October 2019 is a Neutral market*

Months of Inventory based on Closed Sales in October 2019: 3.8

Up 5.5% compared to last month

Down 17.3% compared to last year

All reports are published November 2019, based on data available at the end of October 2019, 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.

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!

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