All Sarasota and Manatee MLS listings

Published: July 2023* Property

The Average For Sale Price was Neutral*

The Average For Sale Price in June was $1,453,000, up 3.7% from $1,401,000 in June of 2022 and down 0.1% from $1,454,000 last month.

The Average Sold Price was Neutral*

The Average Sold Price in June was $1,343,000, down 1.9% from $1,369,000 in June of 2022 and down 1.4% from $1,362,000 last month.

The Median Sold Price was Depreciating*

The Median Sold Price in June was $1,250,000, down 7.4% from $1,350,000 in June of 2022 and down 3.8% from $1,300,000 last month.

* Based on 6 month trend – Appreciating/Depreciating/Neutral

It was a Neutral Market*

A comparatively lower Months of Inventory is more beneficial for sellers while a higher months of inventory is better for buyers.

*Buyer’s market: more than 6 months of inventory

Seller’s market: less than 3 months of inventory

Neutral market: 3 – 6 months of inventory

Months of Inventory based on Closed Sales

The June 2023 Months of Inventory based on Closed Sales of 3.5 was increased by 34.5% compared to last year and up 16.6% compared to last month. June 2023 was Neutral market.

Months of Inventory based on Pended Sales

The June 2023 Months of Inventory based on Pended Sales of 4.8 was increased by 9% compared to last year and up 23.4% compared to last month. June 2023 was Neutral market.

Mark Boehmig

REALTOR, GRI, CLHMS

(941)807-6936 markboehmig@michaelsaunders.com

MarkitSoldFL.com