Members of the Sarasota Association of Realtors reported 440 overall sales in August, a slight reduction from the 454 sold in July. Sales were slightly higher than the 430 overall sales in August 2007.

The biggest decline from last year was in condominium sales, which fell from 122 in August 2007 to 84 this August. However, there were 536 pending sales in August compared to 456 in August last year. The median sales price for single-family homes dropped to $226,250 in August compared with $250,000 in July, though the median price for condominium sales rose to $295,000 in August compared with $252,500 the previous month. Inventory declined, with 6,461 single family homes and 2,407 condominiums listed in August compared to 8,677 homes and 4,599 condominiums listed in July, though the association said a change in software may be responsible for some decline.

Sarasota Association of Realtors