Home Sales Up, Prices Down

SAR STATS

Pending sales in the Sarasota area in February reached 782, the highest levels since April 2006, according to the Sarasota Association of Realtors. In January, there were 683 pending sales. In February 2008, there were 654. But the median sales price for single-family homes in February declined to $142,000 from $149,950 the prior month. Officials said the lowered median was likely because of a high percentage of short sales and foreclosure sales.