On its face, this is hard to understand but the devil is in the details. There are myriad reasons to explain the housing boom in the Sarasota and Manatee areas. Here are a few:
- Low Interest Rates
- Ability to Telecommute
- Florida is Open for Business
- Lower Taxes
- Better Weather
- Shrinking Inventory
- Year-Round Activities
Sarasota REALTORS® are all doing their best to find homes that are sometimes selling in one day. There are many cases of multiple offers, with some sent without even looking at the home. It’s definitely a seller’s market.
Here’s the full report – 2020-Press-release-and-statistics