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!

Market Statistics Reports
(Updated Weekly)

Latest Local Market Performance & Statistics Reports

Is it a “Buyer’s Market” or “Seller’s Market” in your area of interest?

View our latest sales and inventory report for different areas of Sarasota.

  • Average Pricing Trends
  • Days on Market Trends
  • Active, Sale Pending, and Sold Volume Trends
  • Current Inventory Supply Graph
  • Is it a BUYER’s or SELLER’s market? We’ll show you!

Most Recent Sarasota Statistics – Single Family Homes

May 2025 Report – Single Family Homes

CLOSED SALES

786 Homes

-1.9% year over year

PRICE

Average: $638,855

-9.9% year over year

Median: $478,195

-8.9% year over year

LIST TO SOLD PRICE

94.4%

-1.3% year over year

DAYS ON MARKET

52 Days

+15.6% year over year

INVENTORY

3,212 Homes

+25.0% year over year

MONTHS SUPPLY

5.2 Months

+26.8% year over year

Most Recent Sarasota Statistics – Condominiums

May 2025 Report – Condominiums

CLOSED SALES

342 Condos

-19.1% year over year

PRICE

Average: $488,795

-10.5% year over year

Median: $321,020

-12.8% year over year

LIST TO SOLD PRICE

90.0%

-2.6% year over year

DAYS ON MARKET

59 Days

-3.3% year over year

INVENTORY

2,477 Condos

+23.2% year over year

MONTHS SUPPLY

9.2 Months

+46.0% year over year

May 2025 Monthly Report

SINGLE FAMILY HOMES

In May 2025, Sarasota County recorded 788 single-family home sales, marking a 7.3 percent drop compared to the previous year. The median sale price fell by 12.3 percent from May 2024, settling at $465,000. Cash purchases made up 35.8 percent of all completed sales. Inventory declined by 6.8 percent from the prior month, with 4,144 active listings available, resulting in a 6.6-month supply. The median time to contract rose to 51 days, while the median time to sale increased to 93 days.

In May 2025, Manatee County recorded 786 single-family home sales, reflecting a 1.9 percent decline compared to the same month last year. The median sale price dropped 8.9 percent year-over-year, reaching $478,195. Cash transactions accounted for 31.2 percent of all closed sales. At the end of May, there were 3,212 active listings in Manatee County, equating to a 5.2-month supply of inventory. The median time to contract increased to 52 days, while the median time to sale rose to 98 days.

TOWNHOMES & CONDOS

In May 2025, Sarasota County recorded 342 sales of townhomes and condos, representing a 19.1 percent decline compared to the previous year. The median sale price dropped 12.8 percent year-over-year to $321,020, with cash transactions making up 60.5 percent of all sales. Inventory decreased by 6.7 percent from the prior month, leaving 2,477 active listings and a 9.2-month supply. The median time to contract and median time to sale both decreased from April 2025, reaching 59 days and 102 days, respectively.

In May 2025, Manatee County saw 265 townhome and condo sales, a slight year-over-year increase of 0.4 percent. The median sale price declined by 13.4 percent to $313,000, with cash buyers representing 51.3 percent of all transactions. Inventory dropped 3.9 percent from the previous month, leaving 1,747 active listings and resulting in a 7.9-month supply. The median time to contract shortened to 60 days, while the median time to sale rose to 99 days.

Our Take

Bill McCue - Broker Associate
Bill McCue, Broker Associate

Let’s face it, the past several years were crazy rapid growth. These recent trends reflect a changing real estate market, with rising inventory levels and longer time on the market presenting fresh opportunities for buyers and posing new challenges for sellers.

As prices shift and sales slow, working with an experienced REALTOR® who is well-versed in the local market becomes increasingly crucial. Whether you’re looking to buy or sell, having a trusted professional by your side can be invaluable in successfully navigating today’s dynamic and competitive market.

Sarasota Homes Group Team Photo
Lynne Reda, Jamie Porter, Bill & Cheryl McCue, Candy & Matt Genot
SARASOTA HOMES GROUP · Bright Realty
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