Sarasota, FL home prices and housing market

Sarasota homes are now sitting for about three months before selling, and values are slipping. If you are thinking about selling in the next year, that combination changes how you need to play this. The median home here is taking around ninety-three days to go under contract, which means even fairly priced homes are waiting a full season for a buyer. The typical home value is now about three hundred ninety-six thousand dollars, down roughly 3.6 percent from a year ago, so the slow sales are starting to show up in prices, not just in waiting times. There are about two thousand two hundred homes for sale right now, with roughly 530 more hitting the market each month, so buyers have plenty to compare you against. Here is the number that sharpens the picture. The median list price is about four hundred thirty-nine thousand dollars, well above what typical homes are actually worth, and that gap is exactly why so many listings stall. Only about 16 percent of sellers have cut their price so far, which means most are still holding out, and still sitting. The sellers moving fastest here are the ones who price at the market from day one, not above it. Before you set a number, see what your home is worth with a free estimate at Home Value Pros dot com.