Sarasota Real Estate News

According to statistics from the Sarasota Association of Realtors MLS, homes sales in the Sarasota real estate market have eased off from the 2004 historic run-up in prices. The years 2003, 2004 and 2005 were the peak years. The total number of sales has returned to a more normal market such as 2002 and prior years. The median home price has risen significantly above figures from four years ago.

Felix Power, President of SAR 2006, explained that "real estate continues to sell in Sarasota, and at a pace not much lower than what was experienced in 2002, before we had our three peak years." "The median price for homes and condominiums is up significantly from 2002, the overall sales volume is also significantly higher this year than in 2002." We are now back to a more normal market.