MANATEE — While Florida’s housing market continues to go up, the local market keeps falling, a trade group reported today.
While sales of existing single-family homes rose 16 percent statewide in May, it fell by 10 percent in the Sarasota-Bradenton market, the Florida Association of Realtors reported.
Sarasota-Bradenton was among six Florida markets to see a sales decline in May compared to May 2008, the trade group said.
The local median sales price — the point where half sold for more, half for less — slipped to $156,600 last month, down 36 percent from the same month a year ago. The statewide drop averaged 29 percent, to $144,400.
Sarasota-Bradenton’s condominium market also kept going in reverse, with sales dropping 32 percent and the median price falling by 40 percent to $148,500, the association said. Statewide, condo sales rose 32 percent while prices fell 38 percent to $113,400.
Disclaimer: Story comments are intended to provide a place for constructive dialog about issues and events in our community. Your input is encouraged and can make a positive difference. To achieve this, no obscenity, personal attacks, or racial slurs are tolerated. Users brought to our attention for violating our terms of use will be blocked from commenting permanently and without notice. Please help keep the comments on topic by flagging objectionable material and remember that children and young adults may be reading your comments. With freedom of speech comes the responsibility to be respectful of others.
Email Story
Printer Friendly 
Quick Job Search