Inventory Continues Its Declining Trend
Available real estate inventory continued to decline in February compared to January, dropping
by 3.4% in Sarasota County and 1.9% in Manatee County month over month. Only Longboat
Key showed a slight increase of 1.2%
Prices are showing a fairly consistent increase, but this is most likely temporary as the bankowned
(REO) inventory releases into the market.
Pending sales are still very strong, increasing by 14.9% in Sarasota County and 21% in
Manatee County month over month. This has been a consistent trend, pointing to a housing
market in recovery.
| Residential
(Single Family & Condo) |
February 2012 |
Change
vs. Prior Month (January) |
Fabruary 2011 |
Change vs. 2011 |
| Available Inventory |
6,866 |
-3.4% |
8,816 |
-22.1% |
| Sold |
765 |
+13.7% |
773 |
-1.0% |
| Pending |
1,313 |
+14.9% |
952 |
+37.9% |
| Sold Average Days on
Market |
183 |
+0.5% |
187 |
-2.1% |
| Median Sold Price |
$140,000 |
+12.3% |
$123,000 |
+13.8% |
| Months Supply of
Inventory |
3.9 |
-19.7% |
7.8 |
-49.5% |
| Residential
(Single Family & Condo) |
February 2012 |
Change
vs. Prior Month (January) |
Fabruary 2011 |
Change vs. 2011 |
| Available Inventory |
4,699 |
-1.9% |
6,059 |
-22.4% |
| Sold |
511 |
+13.1% |
499 |
+2.4% |
| Pending |
904 |
+21.0% |
643 |
+40.6% |
| Sold Average Days on
Market |
184 |
-0.5% |
180 |
+1.7% |
| Median Sold Price |
$150,000 |
+7.1% |
$133,500 |
+12.4% |
| Months Supply of
Inventory |
3.9 |
-23.3% |
7.9 |
-51.0% |
| Residential
(Single Family & Condo) |
February 2012 |
Change
vs. Prior Month (January) |
Fabruary 2011 |
Change vs. 2011 |
| Available Inventory |
416 |
-2.8% |
539 |
-22.8% |
| Sold |
24 |
0.0% |
21 |
+14.3% |
| Pending |
338 |
+27.0% |
34 |
+38.2% |
| Sold Average Days on
Market |
338 |
-.06% |
280 |
+20.7% |
| Median Sold Price |
$395,000 |
+12.1% |
$277,500 |
+42.3% |
| Months Supply of
Inventory |
7.6 |
-23.0% |
14.2 |
-46.7% |
| Residential
(Single Family & Condo) |
February 2012 |
Change
vs. Prior Month (January) |
Fabruary 2011 |
Change vs. 2011 |
| Available Inventory |
2,394 |
-2.1% |
3,227 |
-25.8% |
| Sold |
271 |
+9.3% |
275 |
-1.5% |
| Pending |
510 |
+29.4% |
370 |
+37.8% |
| Sold Average Days on
Market |
176 |
+1.7% |
177 |
-0.6% |
| Median Sold Price |
$112,500 |
+1.4% |
$90,500 |
+24.3% |
| Months Supply of
Inventory |
3.4 |
-29.1% |
7.2 |
-52.4% |
| Residential
(Single Family & Condo) |
February 2012 |
Change
vs. Prior Month (January) |
Fabruary 2011 |
Change vs. 2011 |
| Available Inventory |
347 |
-6.0% |
469 |
-26.0% |
| Sold |
50 |
+11.1% |
34 |
+19.7 |
| Pending |
73 |
-2.7% |
61 |
+41.8% |
| Sold Average Days on
Market |
173 |
-3.4% |
155 |
+11.6% |
| Median Sold Price |
$289,500 |
-12.3% |
$259,750 |
+11.5% |
| Months Supply of
Inventory |
3.6 |
-2.1% |
6.2 |
-42.5% |
| Residential
(Single Family & Condo) |
February 2012 |
Change
vs. Prior Month (January) |
Fabruary 2011 |
Change vs. 2011 |
| Available Inventory |
3,622 |
-1.6% |
4,757 |
-23.9% |
| Sold |
401 |
+11.1% |
450 |
-10.9% |
| Pending |
698 |
+18.9% |
499 |
+39.9% |
| Sold Average Days on
Market |
171 |
-1.2% |
190 |
-10.0% |
| Median Sold Price |
$154,000 |
+10.8% |
$135,000 |
+14.1% |
| Months Supply of
Inventory |
3.9 |
-21.1% |
8.0 |
-51.4% |
Longboat Key - (Zip Code 34228. Does not include St. Armand’s Circle or Bird Key)
| Residential
(Single Family & Condo) |
February 2012 |
Change
vs. Prior Month (January) |
Fabruary 2011 |
Change vs. 2011 |
| Available Inventory |
660 |
+1.2% |
744 |
-11.3% |
| Sold |
32 |
-5.9% |
35 |
-8.6% |
| Pending |
66 |
+43.5% |
43 |
+53.5% |
| Sold Average Days on
Market |
292 |
-10.2% |
306 |
-4.6% |
| Median Sold Price |
$463,054 |
+2.3% |
$500,000 |
-7.4% |
| Months Supply of
Inventory |
8.6 |
-32.0% |
15.7 |
-45.1% |
| Residential
(Single Family & Condo) |
February 2012 |
Change
vs. Prior Month (January) |
Fabruary 2011 |
Change vs. 2011 |
| Available Inventory |
572 |
-2.6% |
709 |
-19.3% |
| Sold |
24 |
-35.1% |
34 |
-29.4% |
| Pending |
72 |
+35.8% |
45 |
+60.0% |
| Sold Average Days on
Market |
200 |
-19.1% |
357 |
-38.4% |
| Median Sold Price |
$425,000 |
+21.4% |
$394,000 |
+7.9% |
| Months Supply of
Inventory |
6.5 |
-31.9% |
14.0 |
-53.5% |
| Residential
(Single Family & Condo) |
February 2012 |
Change
vs. Prior Month (January) |
Fabruary 2011 |
Change vs. 2011 |
| Available Inventory |
1,344 |
-6.5% |
1,621 |
-17.1% |
| Sold |
151 |
-7.4% |
137 |
+10.2% |
| Pending |
256 |
-3.4% |
197 |
+29.9% |
| Sold Average Days on
Market |
177 |
-1.1% |
158 |
+12.0% |
| Median Sold Price |
$140,000 |
+12.4% |
$110,000 |
+27.3% |
| Months Supply of
Inventory |
3.9 |
-5.2% |
6.8 |
-42.7% |
ENGLEWOOD -
| Residential
(Single Family & Condo) |
February 2012 |
Change
vs. Prior Month (January) |
Fabruary 2011 |
Change vs. 2011 |
| Available Inventory |
925 |
-2.7% |
1,152 |
-19.7% |
| Sold |
95 |
+31.9% |
79 |
+20.3% |
| Pending |
146 |
+13.2% |
92 |
+58.7% |
| Sold Average Days on
Market |
145 |
-34.4% |
184 |
-21.2% |
| Median Sold Price |
$110,000 |
+32.1% |
$91,500 |
+20.2% |
| Months Supply of
Inventory |
5.0 |
-17.4% |
11.0 |
-54.5% |
For a printable version of this report
click here
MLS: MFRMLS Price: All Construction Type: All Bedrooms: All Baths: All Lot Size: All Sq Ft: All
Property Types: Residential (Half Duplex, Duplex, Co-Op, Condominium, Home w/Rental Unit, Income, Manufactured/Mobile
Home, Modular, Planned Unit Development, Ranch, Single Family Home, Townhouse, Villa, Two-Story Residential)
This report is developed monthly and is based on information from
The MFRMLS Multiple Listing Service for the period stated above.
For more information about any of the figures seen in this report or to inquire about additional statistics,
please contact Peter Crowley, 941-316-6569 or email pcrowley@alliancegroupfl.com