Bradenton Florida Real Estate News

Thursday, April 26, 2007

Home sales jump 16%




Today's Bradenton Herald began a story about increasing home sales this way...



"MANATEE --While most of the nation saw significant drops in the number of homes sold in March compared to a year ago, sales in Bradenton-Sarasota increased 16 percent.The National Association of Realtors reported that unseasonably bad winter weather and the tightening purse strings of banks and other lenders throughout the country further hindered a market many hoped was on its way to recovery.



"Statewide, the market saw a 28 percent drop in the number of single-family home sales, and the median price dropped 4 percent. Locally, single-family home prices fell 9 percent to $291,500, but Manatee-Sarasota proved to be one of only two markets in the state that experienced an increase in sales compared to March 2006."



My own study of the Gulf Coast Multiple Listing Service which serves primarily the Bradenton ( Manatee ) , Florida market shows a 20.9% increase in sales in March over February for residential properties. Condo sales increase 32.5%.



That's good news and further evidence that our local real estate market has bottomed out and better days are ahead.


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Bradenton Real Estate

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