April 16, 2025

🤣 Meme of The Week 🤣

HAPPY EASTER & PASSOVER!

REAL ESTATE HEADLINES!

How single women are driving the housing market.

Homeowners Turn to Cheaper, Riskier Policies

Rising Tariffs Could Drive Up New Home Prices

Here’s a quick look at the Florida MLS March 2025 Stats:

🆕 New Listings: 25,730 ( +9%)

🏠 Sold Listing: 15,815 ( +30%)

💰 Average Sale Price: $455,889 (+1%)

📆 Average Days on Market: 70 days

🏡 Total Inventory: 5.1 months supply

GenAI Used to Enhance Old Scams

Golf 2/2/1 Condo in Peridia for $239k!

Golf 2/2/1 Condo in Tara for $249k!

😀THE LOWEST PRICED CONDOS of ALL Currently Available!😀

MOTIVATED SELLERS!

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Top Residential Area Sales

A Siesta Cove home on Siesta Cove Drive tops the week’s sales at $3,995,000.

A Lido Beach home on McKinley Drive tops the week’s sales at $4.83 million.

A Concession home on Lindrick Lane topped the week’s sales at $2.85 million.

↘️ BRADENTON

↘️ ENGLEWOOD

↘️ LAKEWOOD RANCH

↘️ LIDO KEY

↘️ LONGBOAT KEY

↘️ NOKOMIS

↘️ NORTH PORT

↘️ OSPREY

↘️ SARASOTA

↘️ SIESTA KEY

↘️ VENICE

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Rob 941-685-0292

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🔥🔥 WEEKLY STATS FOR STAT NERDS LIKE ME 🔥🔥

7 DAY Market Movers:

Residential Sales, Price Cuts, Inventory, & Pending Properties

SARASOTA COUNTY 7-DAY MICROTRENDS

🧐 Rob's MONTHLY Sarasota Take:

NEXT WEEK - MARCH NUMBERS!

Key Trends in Sarasota/Manatee March 2025:

• Falling Median Sale Prices: Property prices have slightly declined, with Sarasota County townhouses/condos seeing the most significant drop.

• Increased Inventory & Supply: Inventory and months of supply have grown, indicating a shift toward a buyer's market.

• Longer Time to Contract & Sell: The median time to contract and sell has increased across all segments of Sarasota residential properties, reflecting slower market movement.

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🧐 Rob's This Week's SarasotaTake:

PRICE CUTS REMAIN HIGH.

NEW LISTS REMAIN HIGH: 387 Units this week and 440 last week.

SALES BACKED OFF SLIGHTLY.

SELLERS - NOW IS THE TIME TO LIST TO CAPTURE VACATIONERS & SNOWBIRDS WHILE THEY ARE HERE! BUYERS, PRICES ARE MORE AFFORDABLE & HAGGLING IS THE NORM.

NEW LISTINGS: 387 vs 440 Last Week - DOWN 12%
PRICE CUTS: 794 vs 983 Last Week - DOWN 19.2% BUT STILL HIGH!
SOLD: 238 vs 244 Last Week - DOWN 2.5%.
PENDING: 309 vs 296 Last Week - UP 4.4%.

This Week: Sarasota Single Family Homes

This Week: Sarasota Condos Townhomes

MANATEE COUNTY 7-DAY MICROTRENDS

🧐 Rob's Monthly Manatee Take:

Key Trends in Sarasota/Manatee March 2025:

• Falling Median Sale Prices: Property prices have slightly declined, with Manate County townhouses/condos significantly dropping.

• Increased Inventory & Supply: Inventory and months of supply have grown, indicating a shift toward a buyer's market.

• Longer Time to Contract & Sell: The median time to contract and sell has increased across all segments except for Manatee County single-family homes.

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🧐 Rob's Weekly Manatee Take:

NEW LISTINGS ARE DOWN 14.6 %, Yet Inventory is still High.

PRICE CUTS STILL HIGH.

SALES BACKED OFF AGAIN.

NEW LISTINGS: 303 vs 355 Last Week - DOWN 14.6%
PRICE CUTS: 720 vs 751 Last Week - DOWN 4.1% But Still High!
SOLD: 164 vs 207 Last Week - DOWN 20.7%. 2 Weeks of decline!
PENDING: 252 vs 300 Last Week - DOWN 16%

This Week: Manatee Single Family Homes

This Week: Manatee Condos Townhomes

Today's national Mortgage

Interest rate trends:

Mortgage Rates remain well below 7%

Mortgage rates dipped this week, with 30-year fixed-rate loans averaging 6.67 percent, according to Bankrate’s latest lender survey. Mortgage rates on 30-year loans pushed past 7 percent in early 2025, but they’ve retreated since then and haven't been this low since October 2024.

Call Jason Schneider. Mortgage Banker NMLS#1849287

(347) 352-2779 (347) 352-5378 Email: JShneider@thefederalsavingbank.com