Market Report: Third Quarter 2020

  • Cheryl Loeffler
  • 11/3/20

Recently ranked by U.S. News & World Report as the nation's top community for retirees, Sarasota's market is benefitting from our natural desirability and escalating demand created by the pandemic. Sales have quickened across every price band while inventory has contracted. The market dynamics continue to offer an advantage to sellers. New development is also transacting rapidly with particular interest in smart home and security features that promote convenience and safety. In the price bracket over $1 million, the year-over-year increase in median sales price and decrease in days on the market exceeded the general market trend, indicating particularly high growth in demand for luxury inventory.

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