According to the National Association Of Relators, Manatee, Sarasota, and Charlotte counties were among the top 10 metro areas with the largest year-over-year price gains in the second quarter of 2022.
Home prices increased nearly 29% in the North Port-Sarasota-Bradenton metro, ranking 4th in the nation. PuntaGorda ranked 8th with price gains averaging 27.4%.
In other areas,
- Existing-home sales fell for the sixth consecutive month to a seasonally adjusted annual rate of 4.81 million. Sales were down 5.9% from June and 20.2% from one year ago.
- The median existing-home sales price climbed 10.8% from one year ago to $403,800. That’s down $10,000, however, from last month’s record high of $413,800.
- The inventory of unsold existing homes rose to 1.31 million by the end of July, or the equivalent of 3.3 months at the current monthly sales pace.