Sarasota Real Estate Market Update 2010

The Sarasota real estate market did well in August 2010 after a slowdown the previous month.  The Sarasota Association of Realtors published its statiscal data this week and summer in Sarasota, FL saw an 8% increase in sales over July 2010 and an increase of 14.3% over last August sales.

Pending sales are still strong which means the future should be brighter for Sarasota real estate in the coming months.

"It was very encouraging to see that the market recovered nicely after a drop in sales from June to July," said 2010 SAR President Erick Shumway. "After experiencing a five-year high in sales for the second quarter, everyone knew the loss of the homebuyer tax credit would have a negative impact. But we saw a big jump in sales for August, and prices held steady, so this market still has legs and the recovery appears to be a healthy one."

For the entire press release article: Read here.

If you would like to view Sarasota real estate listings, contact John Allen at 941-544-6467 or Annette Smith at 941-504-3922.  We can show you all Sarasota real estate.

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