Reduced inventories keep Sarasota-area real estate prices climbing | Sarasota
Tight inventory of homes and condominiums for sale, even compared to typically tight mid-summer markets of previous years, continues to drive up real estate prices across Sarasota and Manatee counties, according to the region’s industry group.
As a result, the price run-up that began in June 2020 continues, a 15-month stretch of ever-higher selling prices for homes, condos and townhomes.
“We’re just a few months out from our high season, and right now we have about half the number of available homes than we did this time last year,” said Realtor Association of Sarasota and Manatee President Alex Krumm, Broker Owner of NextHome Excellence in a prepared statement.
“There is still enormous buyer demand—expect competition, and therefore prices, to continue to rise. Inventory almost always creeps up in the late summer and this year is…