
The 1st quarter of 2017 saw Sarasota Florida real estate continue to march closer and closer to a balanced market where the interests of buyers and sellers are in balance meaning neither buyers nor sellers have an advantage over the other.
This more balanced market status follows the period in 2014 and 2015 when a shortage of inventory of available properties on the market meant prospective buyers faced what some called a "frenzy" of competing multiple offers sometimes above the asking price.
But, things changed in a positive way as 2016 ended and during the 1st quarter of 2017. In Sarasota County, the inventory of properties for sale has risen to 5,135 up 15.7% over a year ago. In Manatee County, the inventory of available properties rose to…