Sarasota came in first place on the national list of cities with the highest growth in housing stock compared to 2022.
Housing stocks in Sarasota have almost doubled compared to last year, bypassing such megacities as Nashville, Tennessee and Austin, Texas. Active construction is also underway in the city at the moment. The real estate market has become more popular than ever, experts say.
It is also reported about an increase in real estate units in the short-term rental market, which were purchased by investors in order to earn money on the popularity of Sarasota as a major tourist center.
Now the housing market as a whole is very hot. Analysts believe that with the right strategy, sellers can receive a lot of offers for their homes, and buyers can feel comfortable without overpaying. It is known that in Sarasota, the average price of a single-family home is $540,275.
In total, housing stocks in the United States increased by more than 20%.