Local Home Prices Pale in Comparison

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Home prices continue to rise in Southwest Florida, but lucky for us, they are not rising as quickly as other areas of the state or the country. Single-family home prices in the Sarasota-Manatee region grew 3.4% over January of last year, which pales in comparison to other rates across the state and the country.

As the remainder of the state witnessed a 5.1% increase and the average growth rate in the U.S. was 4.4%, Southwest Florida is doing quite well at limiting the rise of housing costs. In fact, according to the Herald Tribune, “Sarasota-Manatee ranked 252nd for price gains out of the 403 metro areas analyzed in the report.”

According to Frank Nothaft, Chief Economist at CoreL...

8.9% Increase in Pending Home Sales

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The Pending Home Sales Index is a forward-looking indicator based on contract signings, rather than closed sales. A property is placed in a pending status as soon as the contract is executed. A recent article by the Florida Association of Realtors states pending home sales have increased by 4.6% in January of this year.

While the increase was an average across the board, each of the four regions had increases ranging from 1.6% to 8.9%. The south had the largest increase of 8.9% and jumped to an index of 119.8, which is 3.1% lower than this time last year.

According to the Florida Association of Realtors, Lawrence Yun, NAR chief economist, says he expected an increase in January home sales bec...


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 Keller Williams Island Life Real Estate       The Coffey Group Fine Homes International        Florida Suncoast Property Management 

206 Harbor Drive S,                                    1972 Hillview Street,                                              13801 Tamiami Trail Suite A, 

Venice, FL                                                   Sarasota, FL                                                           North Port, FL

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Bradenton, FL


13801 Tamiami Trail Suite A,

North Port, FL