Bradenton Florida Real Estate News

Monday, November 26, 2007

Good News: Our Bradenton Florida Real Estate Market is Only Down 6 Percent

According to numbers just released by the Florida Association of Realtors the median price of a home in Bradenton - Sarasota was $283,800 in the third quater. That's just 6 percent below where it was in the same quarter of 2006. How can that be good news?

Well, in the second quarter of this year home prices were 11.3 percent below what they were in 2006. That means the rate of decline is slowing. That's good news. Maybe our market is starting to recover.

Also noted is that Bradenton - Sarasota was the fourth highest metro area in the state of Florida in number of home sales in the third quarter.

The article stated, "Experts have often surmised that the Bradenton - Sarasota market would be among the first to recover because it is a forerunner during the boom and subsequent correction in the market."

So this article had some good news in it.

(Copyright © 2007 By Dan Forbes, All Rights Reserved.)

Please give me, Dan Forbes, a call if you have questions about our Bradenton, Florida real estate market at 941-746-0505; toll free 877-646-8326. Visit BradentonFloridaRealEstate.Com ; my blog The Real Estate ZOO.

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