This year continues to defy historic trends as residential sales volume and prices far exceed their prior-year benchmarks.
Typically, second-quarter sales in Sarasota have tapered into the slower real estate pace of the hottest summer months, but 2021 shows no signs of a seasonal fade. The activity in our market is driven by sustained incredibly high demand and new buyers relocating from other markets.
While prices are increasing markedly, the relative affordability of Sarasota and the lifestyle and financial advantages of Florida continue to attract buyers in every price category. Our recent recognitions by TIME Magazine as one of the globe's top 100 destinations and by U.S. News & World Report as one of the nation's 10 Best Places to Live have brought a lot of new attention to our favorable lifestyle. Even with new construction, there is not enough inventory to meet the current market demand. These conditions create a superior advantage for sellers and for investment-savvy buyers.
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