Part 5/7:
Transitioning to Sarasota County, the single-family market has witnessed a 6.8% uptick in closed sales, albeit with slight drops in sales prices. The inventory situation remains precarious, with a historic high of 6.4 months of supply, indicating a shift from the competitive conditions seen in previous years. However, condo sales have seen a remarkable jump of 158%, despite an alarming decline in pending sales.
Charlotte County
Charlotte County's housing market has experienced disturbingly high figures. Single-family home sales rose by nearly 12%, yet both median and average sales prices fell sharply by 3.8% and 12.5% respectively. The inventory of active listings swelled to 8.9 months, indicating that the county is becoming increasingly saturated.