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Interesting Article on Real Estate In Sarasota Florida Friday, April 13, 2007

Posted by sarasotapodcast in My Favorite Tags.
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Time 2 Buy or Time 2 W8?

Should buyers wait for further price drops? Signs of a bottom are near, and it’s all about psychology. Read on.
(By Raul Elizalde, 4/07)

In my November 2006 newsletter (Listing Price vs. Selling Price, November 2006 ) I looked at a common measure of the market: the ratio of Selling Price to Listing Price (SP/LP), which is reported to be around 90% for single family homes in Sarasota. The November article explained that the number is somewhat misleading, because the ratio is defined on the basis of the last listing price before a property goes under contract. Any previous price reductions are ignored.

Click here to read more about Real Estate in Sarasota Florida 

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