In Sarasota County, there was a 4.3-month supply of available properties based on the current rate of pending sales, down from a 6.6 months in December and a nearly 7-month supply a year ago, according to an analysis of TrendGraphix data.
There is a 4.5-month supply of properties in Manatee County compared with 6.9 months in December and 7.5 months a year ago. In Charlotte County, the supply is about 5.1 months' worth. That compared with 8.1 months in December and 8.2 months in January 2011.
While total sales are fairly static, there are signs that activity will be picking up in coming months.
January 2012 property sales throughout Southwest Florida showed a slight improvement over last January. Historically, January sales typically fall off after the end of each year. The major news was in pending sales, which jumped by 56.1% vs. December and were up by nearly 22.8% vs. last January.
There also are strong signs of movement in the narrower luxury market, or homes of $1 million or more in Sarasota, Manatee and Charlotte counties.
