Existing home sales drop in Bradenton - Sarasota...

Today's headline in the Sarasota Herald Tribune, "Existing home sales drop, along with some prices. Sales in Sarasota are down 42 percent, and some sellers are getting serious."

Bravo Realty's Thomas Heimann stands by his earlier bearish prediction of a 20 percent "price correction" this year. But Heimann quickly adds, "We are beginning to see a significant increase in traffic, showings and now also contracts. The homes that do sell are those that are priced very aggressively."

Today's headline in the The (Bradenton) Herald, "Home prices dip in Manatee".

"In a real estate market that has been in favor of sellers for several years, the time of the buyer has returned.

"Numbers released by the Manatee County Property Appraiser's Office show the median sales price of homes in the county fell $11,000 from January to February."

Here at Premier Team we have sold 3 properties this week and are seeing an increase in showing activity. It looks like Spring will be better for the market. On word of caution though, if you are currently on the market be sure that your price is the LOWEST price out there to capture buyer's interest.

--Dan Forbes