Home Buyer Sentiment | Venice FL | davidbarrhomes.com
- David Barr Realtor
- Apr 7
- 1 min read
The signs of a quiet home buyer revolt are all around us.
What's a home buyer revolt? Buyers aren't coming to open houses, traffic to Zillow and HGTV is down, as are the number of housing units sold locally and nationally.
On top of that, home buyer revolt can be seen in a recent survey (Century Communities, The Business Journal) which says that 4 out of 5 home buyers are sitting on the sidelines, waiting for interest rates to drop before they make a move.
Demand for Sarasota real estate hasn't depended on mortgage interest rates like the nation wide market, because we have a high percentage of cash sales. However, interest rates (not to mention homeowner's insurance and property taxes) do affect Sarasota's feeder markets like the North East and Mid West.
There's also a price gap is also putting a damper on Sarasota real estate. The median home sales price in the Northeast was $226,000 in March 2025. The median home price in Sarasota is $505,057. Northerners used to be able to sell their home and pay cash from the proceeds for a home in Florida. That's a major change that Sarasota home owners should take into account when you work with me to market your home to sell.
Contact me for more about how I use different metrics to sell your home, instead of a list of "comps".
David Barr: 941-993-6853 david@davidbarrhomes.com
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