Kijner & Sons International Realty is pleased to announce that according to the Sarasota Association of Realtors® (SAR), "April 2012 saw yet another seven-year high for monthly sales, hitting 886 total closed transactions (...), the highest number of sales since August 2005 (...) when there were 908 total sales".

A total of 589 single family homes and 297 condominiums sold with respective median sales prices of $175,000 and $191,750. Pending sales remained high at 1,068 and available inventory of homes on the market dropped to 4,283. There was also a continuous decline in short sales and foreclosures to 621 this past month.

According to SAR President, Laura Benson, you need to buy now as "[t]he decline in the available inventory has been remarkable, and competition for homes and condos generally creates upward price pressure (...) Buyers and potential buyers should understand that the current market scenario is clear - if you wait, you will miss out. We're at a decade low for inventory, the mortgage interest rates are at the lowest level since the 1950s, and Sarasota remains the nation's perfect place to relocate."

To read the full April 2012 SAR Report and get all the statistics, please click here

To learn more about real estate opportunities in the Sarasota area, contact Kijner & Sons International Realty at info@kijner.com.