In Sarasota and the USA in general, we see that houses are selling faster. This lively pace feels especially welcome locally. After all, we expect the summer slowdown and, by August, businesses await the return of our Snowbirds.
Contrariwise, this summer the housing market is roaring back in Sarasota & Her Islands well before High Season.
New data from the Campbell/Inside Mortgage Finance HousingPulse Tracking Survey released on August 23, 2013 showed strong results for non-distressed properties in July. This property category registers as the biggest and fastest growing segment of the 2013 housing market.
Let’s look at three key barometers that show a healthy housing market:
- Time on Market fell to a three-and-a-half year low of 8.6