Supply of homes for sale decreasing in Southwest Florida

Housing inventories across Southwest Florida continued at levels that are considered a market in equilibrium, according to an analysis released Tuesday. Homes for Sale Inventories across the region fell in the range of 5 to 6 percent last month when compared with August and were down double digits from a year ago, according to an analysis by regional brokerage Re/Max Alliance Group. There were 321 Homes for Sale in the master-planned community last month, down 8 percent from August and nearly 34 percent from a year ago. The 4,348 homes for sale in Manatee last month compared with 6,200 a year ago. In Sarasota County, the 6,305 homes for sale compared with 8,800 a year ago. But it continues to have fairly high inventory, with a 16 month supply. There were 321 homes for sale in the master-planned community last month, down 8 percent from August and nearly 34 percent from a year ago. The 4,348 homes for sale in Manatee last month compared with 6,200 a year ago. In Sarasota County, the 6,305 homes for sale compared with 8,800 a year ago. But it continues to have fairly high inventory, with a 16 month supply.