THE  ZARGHAMI  REPORT

Low inventory levels continue to drive a strong sellers market across the Sarasota area. During the third quarter saw an increase in the number of homes coming on the market each week, raising inventory levels 15% over last quarter. Yet, the number of properties available is still down 66% from the same quarter last year and down 79% compared to pre-pandemic levels.

Each of Sarasota’s geographic areas saw a decrease in sales and an increase in prices compared to the third quarter of 2020. At the same time, the luxury market experienced the inverse, with more sales and lower prices.

For the entire Sarasota market, median prices rose 21% to $425,000 and the average price rose 19% to $624,464. The quarter finished with only 711 properties available and a 0.7 months supply. The median days on market fell to just 5 days.

SELLERS
If you’re thinking of selling your home in the Sarasota area, now may be the best time. Multiple offers have become the norm as buyers are competing for the best properties. Our Sarasota agency’s smart sale pricing and marketing strategies will help you take every advantage this sellers market has to offer. In 2020, Zarghami Group agents helped 97 families sell their homes quickly and for top dollar! Let us help you get the most for your home!

BUYERS
If you’re looking to buy a home in the Sarasota area, knowing what you’re looking for and being prepared to move fast will give you an edge over other would-be buyers. Our team-oriented approach gives Zarghami Group agents the agility to move quickly when you find the home of your dreams and decades of experience to craft the most attractive offer. Last year, our team helped 96 families beat the competition to win their dream home! Let us help you win yours!