What to expect when the market heats up next month
The market has been hot this month, and the pace is likely to pick up this week.
The first real estate auction is slated for Friday in Sarasota, Florida.
This is the latest auction that has been postponed as the market has cooled off a bit.
The previous auction, held in September, was postponed to October, after the storm.
The auction has been pushed back from Monday to Wednesday because of Tropical Storm Cindy.
The bidding on the sale of the Sarasota home is expected to exceed $500,000, which is a record for Sarasota.
The property has been listed for sale for about $1.4 million, according to the listing agent, Loyola University, and it is expected for auction in January.
In Sarasota’s real estate market, the median sale price is $5 million.
Sarasotas Real Estate Commission chairman John Krasnow said the city was seeing an uptick in interest in home purchases.
“We’re seeing more people in the market and people wanting to sell their homes,” he said.
“We think the sale will go on as planned.”
In the past month, Sarasota saw about 20 percent more sales than the previous month.
In February, Sarasotas experienced more than 1.2 million home sales, and last month, the city recorded more than 2 million sales.
In Sarasotans largest market, Sarasottas real estate agency sold a property for more than $4.7 million in the first five months of 2017.
The sale in Sarasot was scheduled to be held on Thursday.
The city’s realty commission has been working closely with local property owners, according Loyolau.
The city is also in touch with Sarasota real estate agents to make sure the bidding goes on as scheduled.
The next auction will be held in May, but that date has not been confirmed yet.