It depends on whether you were buying or selling in determining if the 2010 Sarasota real estate market was good or not. Buyers are probably very happy as prices have come down and seem to be holding steady in many segments of the market. While most sellers are probably kicking themselves for not selling sooner and for a higher price. What a difference 5 years can make. Like many other parts of the country Sarasota homes and condos were worth so much more in 2005.
From a Realtor’s perspective things were pretty good in 2010. The Sarasota real estate market is liquid with a good supply of buyers and sellers. If you priced something competitively there was a strong chance the property would sell. Buyers still have plenty to look at and still have the leverage over the sellers. However, the supply of good properties is dropping and the buyers don’t have the control they once had as the market seems to be bottoming and as the inventory is being eaten up.
The chart below shows inventory, sales and pending sales for the last 5 years in Sarasota county.