First Quarter Market Report Illustrates High Demand

First Quarter Market Report Illustrates High Demand

  • 05/9/22

The latest LRM Group market report showcases trends in Sarasota's distinctive communities, and the picture is clear. Rising market values and declining days on market are prevailing patterns across our region, with amplified impact in luxury sales. 

The 2022 market is amplifying the trends that we've observed over the past 18 months. The number of listings has been lower than in previous years and the volume of new construction projects has not
added enough to the current inventory. While there are fewer properties coming onto the market, there has been a huge influx of buyers attracted to Sarasota's lifestyle and amenities and to Florida's
tax advantages. This nexus of high demand and low supply has driven prices up, and that's where they'll continue to go. The pace of transactions has continued to be rapid, with many properties going
under contract in a single day.

Sellers in this market are poised for a premium. Buyers in this market must be prepared to act quickly and face competition. Whether you are considering taking advantage of the
market as a seller or a buyer, our team offers you the best value through detailed market analysis and a commitment to concierge service. 

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The LRM Group draws on extensive luxury marketing experience and legacy relationships to offer unique value to distinguished clients. Consistently ranking among the highest producers in Sarasota, we attribute our success to unparalleled market insight, constant attention to detail, and rigorous commitment to our clients' priorities.

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