Existing homes and condominium sales in Southwest Florida maintained momentum in July. Pending sales also indicated a very strong August ahead.
The sales and pending figures were strong for both Sarasota and Manatee counties.
The message from real estate professionals continues to be "we have no inventory." "If you have a home to sell, there's a buyer waiting." Folks are still looking for deals, but with high demand a low supply, the market is edging toward a plus for sellers.
As the so called "shadow inventory" remains a non-issue, properties are selling quickly, especially those in the lower price ranges. This trend is playing out all over the country, with buyers eager to take advantage of the real estate bargains before the prices begin to rapidly escalate.