Latest Sarasota FL Housing Market Statistics

Is The Sarasota Real Estate Market Hot or Cold?

The Sarasota FL. housing market statistics are changing every day. We compile and display the Sarasota housing market data IN REAL TIME! There are a lot of factors to consider when determining a listing price, or deciding on a purchase price you would like to offer as a buyer. Our goal is to help our clients make the best decisions which leads to meeting their goals, whether it is to pay as little as possible, or to get the highest price as a seller. Do not hesitate to contact us to discuss the current market for your area of interest!

Most Recent Sarasota Statistics – Single Family Homes

August 2025 Report – Single Family Homes

Most Recent Sarasota Statistics – Condominiums

August 2025 Report – Condominiums

Bill’s August 2025 Monthly Report

• Sales Activity: Single-family closed sales in both counties showed modest growth or remained steady compared to last August. Sarasota’s condo and townhome market experienced strong gains, while Manatee posted a year-over-year decline.
• Median Sales Price: Single-family home prices were generally flat or slightly lower, while condo prices saw a more pronounced drop.
• Inventory: Overall inventory is up compared to last year but has eased in recent months. Sarasota’s condo and townhome market is shifting toward favoring buyers, while the single-family segment remains more balanced.
• Speed of Sales: Homes are taking longer to sell, with time on market now exceeding 100 days across all property types.

Would you like me to make this even more concise—almost like bullet points for a presentation—or keep it more descriptive for a report?

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SINGLE FAMILY HOMES

Sarasota County:
Inventory rose 13.8% year-over-year to 3,307 active listings but has been trending down since May 2025, bringing supply to 5.2 months. Homes are taking longer to sell, with the median time to contract climbing to 69 days and the median time to sale reaching 109 days.

Manatee County:
In August 2025, there were 650 single-family home sales, up 5.7% from last year. The median sale price slipped 5.3% to $467,640. Cash buyers made up 28.5% of closings. Sellers received a median of 94.8% of their original list price. Manatee ended the month with 2,814 active listings, equal to a 4.6-month supply—still giving sellers some leverage. Median time to contract fell to 53 days, while median time to sale decreased to 101 days.

“Over the past year, inventory has grown, creating more choices for buyers. However, in recent months we’ve noticed a gradual softening,” said Debi Reynolds, 2025 RASM President. “This signals a shift toward a more balanced market, where accurate pricing and effective negotiation strategies are key.”

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TOWNHOMES & CONDOS

Sarasota County:
In August 2025, there were 247 townhome and condo sales, up 13.8% year-over-year. The median sale price dropped 13.0% to $300,000, with cash purchases making up 61.9% of transactions. Sellers received a median of 88.5% of their original list price. Active listings rose 12.6% from last year to 1,882, though inventory has been trending down since March, resulting in a 7.0-month supply. Homes are taking longer to sell, with the median time to contract at 87 days and the median time to sale at 132 days.

Manatee County:
Townhome and condo sales totaled 200 in August 2025, down 7.0% compared to last year. The median sale price declined 11.7% to $291,250, and 54.5% of sales were cash. Sellers received 90.4% of the original list price. Inventory increased 9.4% year-over-year to 1,396 active listings but has eased since April, equating to a 6.4-month supply. The median time to contract rose to 78 days, while the median time to sale reached 120 days.

“Condos are often taking more than four months to close,” Reynolds noted. “This highlights the importance of partnering with a REALTOR® to navigate the current market and help ensure a successful, stress-free transaction.”

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Our Take

The market is shifting, and that makes the process more complex for both buyers and sellers, Single-family homes remain competitive, while condos are leaning more toward a buyer’s market. Knowing the local trends is key when it comes to pricing, negotiations, and timing. That’s where I come in. I help buyers spot the opportunities and guide sellers on how to position their homes effectively in today’s changing landscape.

As we move into the second half of 2025, single-family homes remain the foundation of the market, while condos and townhomes continue to adapt to changing buyer preferences. In this shifting environment, partnering with an experienced REALTOR® is key for both buyers and sellers to navigate negotiations, pricing strategies, and inventory trends with confidence. When you’re ready, we’re ready!

-Bill