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."
