Bradenton Florida Real Estate News

Monday, December 31, 2007

Bradenton Prices Moving Upward

Although our Bradenton - Sarasota Florida real estate market was declared the seventh worst market in the nation, things are now looking up. Both home sales and home prices moved up for November compared to October. Although sales and prices are below what they were this time in 2006, they seem to be trending upward the last two to three months.

Today's news on reads,

"While November 2007 homes sales were down 17 percent from November 2006, they were up 5 percent over October's number...

"The median price in Bradenton/Sarasota dropped from November 2006 to November 2007 by 4 percent, but month to month prices are starting to show a small gain.

"The median price of an existing home in Bradenton/Sarasota was $267,700 in November, $3,600 higher than it was just one month before."

Read my prediction about our Bradenton Real Estate Market in my post,

Why We Are Poised for Recovery: People Are Sick and Tired of Being Sick and Tired

(copyright 2007 by Dan Forbes, All Rights Reserved)

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