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Mike's Real Estate Market Update: September 24, 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...

Sep 25 4 minutes read

Inventory levels are not showing a consistent trend across our coverage area.    Watch the video to find out what his happening in your area and most importantly, what that means to you as a buyer or seller?


Watch and Listen to Mike's Real Estate Market Report

Sarasota County

August 2018 is a Neutral market*

Months of Inventory based on Closed Sales in August 2018: 3.9

0% compared to last month

Up 5.3% compared to last year

Manatee County

August 2018 is a Neutral market*

Months of Inventory based on Closed Sales in August 2018: 3.2

Down 3% compared to last month

Down 8.6% compared to last year

Longboat Key

August 2018 is a Neutral market*

Months of Inventory based on Closed Sales in August 2018: 5.6

Down 30.1% compared to last month

Down 21.1% compared to last year

Holmes Beach/Bradenton Beach

August 2018 is a Buyer's market*

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

Up 1.5% compared to last month

Down 15.1% compared to last year

Siesta Key

August 2018 is a Buyer's market*

Months of Inventory based on Closed Sales in August 2018: 6.3

Down 4.5% compared to last month

Down 17% compared to last year

Venice

August 2018 is a Neutral market*

Months of Inventory based on Closed Sales in August 2018: 3.6

Up 6% compared to last month

Up 28.5% compared to last year

Sarasota

August 2018 is a Neutral market*

Months of Inventory based on Closed Sales in August 2018: 4.1

Up 2.5% compared to last month

Down 4.7% compared to last year

Bradenton

August 2018 is a Seller's market*

Months of Inventory based on Closed Sales in August 2018: 2.9

Down 6.6% compared to last month

Down 6.4% compared to last year

Please let me know what area you would like me to personally prepare 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 September 2018, based on data available at the end of August 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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