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Old 10-21-2013, 12:33 PM
 
398 posts, read 822,922 times
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http://www.sarasotarealtors.com/file...3102184937.pdf
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Old 10-21-2013, 12:36 PM
 
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This kind of info is great to have. Thanks for posting.
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Old 10-21-2013, 12:51 PM
 
Location: Sarasota, FL
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"...which is an increase over this time a year ago, yet a drop of 14.6% from a month ago."

I mean, I want the outlook to be rosy, but when numbers are thrown around so cavalierly and out of context so often, I tend to just start disregarding them.
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Old 10-21-2013, 01:45 PM
 
398 posts, read 822,922 times
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Quote:
Originally Posted by Rushmore View Post
"...which is an increase over this time a year ago, yet a drop of 14.6% from a month ago."

I mean, I want the outlook to be rosy, but when numbers are thrown around so cavalierly and out of context so often, I tend to just start disregarding them.
I agree, however it did say the drop mired the drop of last year, a seasonal occurrence, when the drop versus Aug 2011 was 21%, more than this years 14.6%

Here is link to last years

http://www.sarasotarealtors.com/file...2101722806.pdf

Last edited by FLSnowbirds; 10-21-2013 at 02:30 PM..
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Old 10-21-2013, 01:58 PM
 
547 posts, read 927,893 times
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I have a feeling that a lot of homes are being bought by corporations, LLC's, and people with deep pockets,only to be flipped.
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Old 10-21-2013, 02:33 PM
 
Location: Lakewood Ranch, FL
5,662 posts, read 10,755,380 times
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Quote:
Originally Posted by Rushmore View Post
"...which is an increase over this time a year ago, yet a drop of 14.6% from a month ago."

I mean, I want the outlook to be rosy, but when numbers are thrown around so cavalierly and out of context so often, I tend to just start disregarding them.
The number that is 14.6% lower in September 2013 compared to August 2013 represents closings. Closings from month-to-month are interesting but you also need to consider that there were fewer business days in September in which to close, and I think it's fair to say that many of the August closings were probably squeezed into the schedule at the end of the month so they could get done before the holiday on Monday, 9/2. Without the holiday, they might have been scheduled into the first week of September and the month-to-month difference might not have been as pronounced. I find it more interesting to see the median price changes and the year over year changes but all of it has to be taken with perspective. There's no doubt, though, in the minds of those who are looking for properties now that the inventory/selection is low and the competition among buyers is high. It may be anecdotal but I can't tell you how many times I've had buyers miss properties to other buyers who either got in just before we did or who outbid them. And, I am seeing more sellers who are holding the line on their asking price which is often more than the market value. If that is sustainable, median prices will continue to rise.
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Old 10-21-2013, 02:46 PM
 
2,076 posts, read 3,109,012 times
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Agreed. Pricing and months inventory is what is informative.
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