While the national number is down slightly, the median list price of homes for sale is up 3.73 percent in Sarasota-Bradenton and 11.17 percent in the Punta Gorda-Charlotte County markets from a year ago, according to the National Association of Realtors.
The Punta Gorda median is $199,000, which means half of the homes in the Multiple Listing Service are priced higher and half are bpriced loser.
In Sarasota, the median is $250,000. The national median is $187,900, down 0.05 percent from a year ago.
Meanwhile, inventories of homes listed for sale by Realtors continue to shrink. The Punta Gorda market has 2,330 houses and condos listed by Realtors, a 19 percent drop from a year ago but a 5.21 percent increase from the previous month. Sarasota-Bradenton’s 6,640 listings represents a 20.25 percent year-over-year decline but is 1.44 percent more than the previous month, as high season heats up the market.
Days-on-market, the time it takes listings to sell, is down by 22 percent in both local markets and 9 percent nationally.
