Bradenton Florida Real Estate News

Friday, December 29, 2006

Positive signs in the Bradenton - Sarasota housing market

Today's local paper ran this front page headline: "Local market sees slight rise in home sales".

This is the first positive article about our local housing market this year. I believe you can look for more positive articles in the future.

On the national level, the housing market has turned the corner and shown improving numbers for the last three months. Since our local market was the hottest market in the nation in 2005 we will lag that overall improvement by a few months.

My own study of our Bradenton - Sarasota multiple listing service shows a 2.75 percent increase in November sales over October. Since December is a normally slow month, the December numbers may not be very significant. By the end of the spring the stabilization of the housing market will be undeniable and the local media will be forced to print positive articles. 2007 will show the end of our local housing market decline.

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Bradenton Real Estate

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