Kijner & Sons International Realty is pleased to announce that "[m]embers of the Sarasota Association of Realtors® sold 1,020 properties in May 2013, the second consecutive month that sales have hit four figures since June 2005 (...). There have now been only 11 months in SAR's 90-year history that sales have topped 1,000, with the other nine occuring in 2004 and 2005". 

A total of 737 single family homes and 283 condos with respective median sales prices of $220,000 - the highest since August 2008 - and $194,250 sold last month.

Pending sales rose to 1,157 while available inventory hit a new low at 3,297, a 16% drop since May 2012. Currently, only 333 properties listed for sale on the MLS are either short sales or foreclosures. 

According to SAR President, Roger Piro, "[m]any local real estate agents are reporting their busiest year ever, and the buyers seem to be everywhere. With the tight inventory, prices are heading up, so for those looking to buy properties in Sarasota, you shouldn't put off the purchase".

To read the full May 2013 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.