November 2024 Market Insights: Who Wins in this Confusing Market?

Who wins; Buyers or sellers? Watch as Mike breaks it all down for you!

And for more great videos like this, check out our YouTube channel!

 

The Sarasota and Manatee County real estate markets are experiencing significant shifts. Here's what you need to know to stay ahead. 

Inventory Surge: Active listings have increased by over 24% in the past year, signaling a shift into a buyer's market.

Price Trends: Median sale prices rose by 5.5%, showcasing resilience despite cooling demand.

Time on Market: Properties now take 83 days to sell, up 38% from last year, giving buyers more negotiating power.

What This Means for Buyers:

With increased inventory and longer selling times, you have more options and leverage to negotiate favorable terms. Team Renick provides tailored alerts on price reductions and new listings to keep you ahead of the competition.

 

What This Means for Sellers:

Selling in a buyer's market requires strategic pricing and standout marketing. At Team Renick, we use advanced tools like HD video tours and AI-driven targeting to attract the right buyers.

 

📞 Call me today at 941.400.8735 to discuss how these trends impact your real estate goals.