APRIL 2022 MARKET REPORT

APRIL 2022 MARKET REPORT

These two infographics are a month to month comparison of the market statistics for single family homes and condos/townhomes in Sarasota county for February and March 2022. These show you that while inventory, closed sales, and dollar volume are still down on 2021, there is a significant shift in the month to month data from February to March 2022. Notably there is an increase in closed sales, pending sales, new listings and inventory which means that there is more activity than we’ve seen in previous months. The market for single family homes is tracking higher than condos, but if new listings continue to outstrip closed sales in the coming months then this may be an indicator of the market starting to level off. As a counterbalance, however, the continued increase in prices - the median single family home price in Sarasota and Manatee Counties has reached an all time high of $500,000 - and the jump in mortgage rates are conspiring to push some first time buyers out of the market.


“The single-family home market is showing a positive change in new listings when compared to last year. If new listings continue to outpace the total number of sales each month, inventory will start to level off. In Sarasota County, County, inventory for single-family homes shows the first positive year-over-year increase since June of 2019. We’ll be watching to see if this is another initial sign of the market beginning to stabilize.”


SRQ IN THE NEWS

THE WALL STREET JOURNAL

Sarasota makes national news yet again in the March 26th Adventure & Travel section of the Wall Street Journal, where we came in 2nd in the ‘7 Places Worth The Wait” article.


PENDING

15693 clear skies place I LAKEWOOD RANCH, FL


RECENT SALES

NEW WEBSITE FEATURES

MURRAYGROUPUSA.COM

Our new real estate website is a great user-friendly resource for anyone looking for a new home in Sarasota. You can search by address, property type, lifestyle and desired geographic location. Sign up for property alerts and you will always be on top of what’s on the market and new listings. Additionally, the site is brimming with real estate news, blogs and tips.

HELPING CHILDREN WITH CANCER SMILE

Bev Murray donates a portion of all sales to The Sunshine Kids, a foundation that helps children with cancer to smile. The Sunshine Kids is a non-profit organization dedicated to children with cancer. Established in 1982, they are committed to providing positive group activities and emotional support for young cancer patients. The Sunshine Kids provides a variety of programs and events, free of charge, for kids who are receiving cancer treatments in hospitals across North America.


KUDOS

“Bev was an outstanding realtor, very experienced, And
personable, Made the transition easy and uncomplicated I would highly
recommend her to do business with.”
- Jill C.