Moulton sees moderation in the market


Michael Moulton, a Realtor with Michael Saunders & Co., says moderation has settled over the local real estate market like a warm blanket. He points to these statistics:

-- Sarasota real estate transactions in August 2014 were almost equal to last year, but still increasing another nearly 2 percent.

-- Median prices in Sarasota climbed just one-half percent from last year.

-- Available inventory is also stable, falling a little more than 1 percent from August 2013.

-- Pending contracts signed in August were also very close to the same period last year, increasing 2 percent.

"The stable and consistent trends in the Sarasota real estate market, aided by low interest rates, consumer and builder confidence, home equity gains throughout the nation, and especially the promise of exciting new inventory entering our market in the next 12 to 24 months, gives me confidence that market growth will continue," Moulton said in his real estate report.

"The balance of this year should see steady increases in sales, prices and inventory, which will lead to impressive results during our peak winter and spring sales seasons."

Harold Bubil

Recipient of the 2015 Bob Graham Architectural Awareness Award from the American Institute of Architects/Florida-Caribbean, Harold Bubil is real estate editor of the Herald-Tribune Media Group. Born in Newport, R.I., his family moved to Sarasota in 1958. Harold graduated from Sarasota High School in 1970 and the University of Florida in 1974 with a degree in journalism. For the Herald-Tribune, he writes and edits stories about residential real estate, architecture, green building and local development history. He also is a photographer and public speaker. Contact him via email, or at (941) 361-4805.
Last modified: September 30, 2014
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