From the Sarasota Association of REALTORS:
The Sarasota real estate market in July 2009 was substantially more robust than July 2008, with total unit sales up 29 percent to 595, and the months of home supply on the market once again dropping to levels not seen in three years. There were 450 single family and 145 condos sold in July, compared to 331 and 130 last July.
July 2009 sales were only 15 units lower than last month, when overall sales rose above the 600 level for only the second time in 26 months. The statistics all continue to point to a market in the initial stages of recovery, with other news outlets reporting the bottom of the market.
Inventory levels continued to decline and now are at the lowest level in more than 5 years.
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