Bradenton Housing Decline Continues

Bradenton's median sale price of homes sold in September 2007 is 32% below the high of 2005. Sales are down 42.4% from a year ago.

Our Manatee County, Florida real estate market continues to reflect a strong Buyer’s Market with a total 36.8 month absorption rate. This is how long it would take to sell all the homes currently on the market at the rate they are selling today.

The chart above shows the absorption rate by price range. There were no homes sold above $2 million for the month of September.

The Total Market Overview Reports below show by price range:

• Current number of active listings
• Number of expired listings for the month
• Total Number of Pending Listings
• Number of closed sales for the month
• Absorption Rate
• Average List Price and Average Sale Price
• Average Days on Market
• Market Trend: Improving or Not
• Compared to 6 months ago
• Compared to 1 year ago

Residential Total Market Overview (Click Below)
Sep%2007%20Residential%20Total%20Market%20Overview.pdf

Please give me a call if you have questions abour our Bradenton real estate market. You can reach me, Dan Forbes, at 941-746-0505 or toll free 877-646-8326. Also visit my web site at BradentonFloridaRealEstate.Com and my blog at The Real Estate ZOO.