The inventory shortage that we've been talking about is not going away anytime soon, here in Sarasota or in other desirable markets. That means that prices will continue to rise and buyers who wait on the sidelines will face even steeper premiums over time.
Waiting to buy will cost more. In addition to securing a property at today's pricing, the benefit of buying in the current market is that the equity in your purchase will rise. Just as the rising market values have created challenges for buyers, they create a benefit of capital appreciation that is especially valuable in an inflationary economy. The charts here illustrate year-to-date trends in inventory and pricing for this year and the same period last year. Our full market report will be in the mail in the next few weeks, and we're here anytime to offer a consultation on finding the best strategy for your real estate needs. Click here to email the LRM Group.