Sarasota condo market

High-end inventory growing

There is one planned condo unit for every 19 people in Sarasota. But does that constitute a glut?

Interesting question raised by the headline creator at the Herald-Tribune. Certainly those who are looking to flip $1M+ pre-construction condos prior to closing may have a major problem on their hands when it comes time to close. It appears to me that many markets across the country are experiencing a shortage of $1M buyers.

And the condos keep on coming [Herald-Tribune]