According to a recent Sarasota Herald Tribune article, although local housing inventory stubbornly hovered near record high levels, the Sarasota-Bradenton market turned in the Sunshine State's best results for April,2008 while existing home sales activity ws up 16% compared with April, 2007. The Sarasota Bradenton real estate market was the only market in the state of Florida to show positive sales growth for April.
Meanwhile, the median sales price for homes dropped by only 2%, which some real estate observers interpret as a sign that the prolonged price erosion caused by the market's downslide last year may be finally leveling off. Home sales in this market have increased month-over-month each month for the past four months. April home sales, as registered in the Sarasota MLS were 567 units - the highest level in 10 months, and approximately 72% above the sales in January 2008.
Read the full Herald Tribune article.
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