November real estate sales up 84%

The 2009 Sarasota real estate market continues to outperform 2008. Last month’s sales of homes and condos were up 84% from November 2008.

Total sales stood at 578 last month, compared to 311 the previous year. However, the median sale price for single-family homes last month was $162,500. That’s down 4% compared to the same period last year.

Condo sales dropped 8% year-to-year, from $195,000 in November 2008 to $178,750 last month.

“We are experiencing a very active real estate market, during the early seasonal months,” said Bill Geller, president of the Sarasota Association of Realtors. “Even during these times of higher unemployment and slower national economic activity, it’s very encouraging to see that the Sarasota area remains an attractive place to purchase a home.”

Contact Robin Roy at [email protected].