Real Estate Market Outlook January 2024 | Sarasota & Manatee Counties

What is the Real Estate Market Outlook report for January 2024 in Sarasota and Manatee Counties? Welcome to our latest video where Susan and Judy review the latest Real Estate Market General Outlook for January 2024 in Sarasota and Manatee Counties. Join us as we discuss key insights, trends, and expert commentary to help you navigate the Sarasota and Manatee County real estate landscape. Discover what the numbers reveal about closed sales, median price changes, days to contract, inventory, and more. Stay informed and make confident decisions in the Sarasota and Manatee County real estate market.
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[@FloridaGulfCoastLiving]

What's YOUR take on the surprising market shifts we've covered in Sarasota and Manatee for January 2024? Are you a buyer or seller, and how do these trends impact your real estate plans? Share your insights below! 👇

[@xsjm13x]

Wow Judy, the showings you looked at sound so familiar. Haha. It was really great to meet you!!

[@xsjm13x]

We are selling up north and buying in Manatee. It is important to be cognizant of what is happening in all markets. It will be nice to see some balance.

[@FloridaGulfCoastLiving]

Thanks for watching. I couldn’t agree more.

[@judyathari6524]

We appreciate your solid input.

[@JFreeUNC]

This is great info. Thank you! Would be nice to see the same stats broken down further by new homes and resales.

[@FloridaGulfCoastLiving]

Thank you for watching! We only wish that we could get that new home sales info! That would be great!

[@karnevil9959]

If ever there was a bad time to buy a house it is right now. Far too much uncertainty in the economy in the near term and the next 6 months will be very telling. While buliders are offering incentives, what is being offered is not very exciting considering just how far prices appreciated. I mean paying a buyers HOA for a year is just not going to cut it.

[@FloridaGulfCoastLiving]

Hi and thanks for watching! I think a lot of people would agree with you about the economy in the coming year. Election years are always a little shaky. Incentives are usually targeted to variable factors but are not deep discounts unless it is an inventory home.

[@ReVelopers]

Princes have much further to fall

[@FloridaGulfCoastLiving]

Well, my crystal ball is broken so I can't predict but IMHO, rates need to fall and prices stabilize for sure.

[@ReVelopers]

This is a dead cat bounce it’s the built up demand from last year closing in January that’s all it has much further to fall. Prices are unsustainable

[@FloridaGulfCoastLiving]

Hi and thanks for watching. I’m not familiar with the dead cat bounce analogy. But yes January closings were from last year. Resale prices may stabilize more but with demand continuing. It’s unlikely they’ll fall anytime very soon. Too hard to say about the builders. We don’t get their data about sales. I wish we did.