Loading
Home prices on a year-over-year basis in the North Port-Bradenton-Sarasota market increased in March and February, according to a CoreLogic report.
The report, released Tuesday, states that home prices in the region, including distressed sales, were up 3.5% in March over March 2011 and 3.1% in February over February 2011. Year-over-year prices excluding distressed sales are also on the upswing. In that category, prices were up 2.9% in March over March 2011 and 0.5% in February over February 2011. Distressed sales include short sales and real estate owned (REO) transactions.
CoreLogic, a Santa Ana, Calif.-based research and analysis firm, reports other markets nationwide are improving, too. “This spring the housing market is responding to an improving balance between real estate supply and demand, which is causing stabilization in house prices,” CoreLogic Chief Economist Mark Fleming says in a release. “Although this has been the case in each of the last two years, the difference this year is that stabilization is occurring without the support of tax credits and in spite of a declining share of REO sales.”
Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.
Join thousands of executives who rely on us for insights spanning Tampa Bay to Naples.
