The real estate market in the Sarasota–Manatee area experienced noticeable variations last November, as single-family home sales increased in some areas while residential units such as condominiums accumulated in others.
This dynamic contributed to price declines in certain segments and extended selling periods. These changes coincided with the approach of the holiday season, which influenced market behavior and brought deal-making activity back into focus.
In Sarasota County, the median sale price of single-family homes reached $457,495, while the average rose in Manatee County to $487,233. As for townhouses and condominium units, the median price in Sarasota stood at $329,500, compared with $308,000 in Manatee.
Market conditions during this period were far from stable, with some segments recording higher sales while prices declined in others. Condominium inventory, in particular, increased significantly, providing buyers with greater negotiating power and, in some cases, forcing sellers to reassess their expectations and pricing strategies.
Regarding single-family homes in Sarasota, sales recorded a notable increase despite a decline in median prices. The county saw 564 transactions during the month, representing a 28.5% rise compared with the same period last year.
However, the median price fell by 6.6% to $457,495. Homes spent an average of 54 days on the market, a timeframe similar to that of the previous year. Sellers achieved about 93.3% of their original listing price, slightly lower than the 94.6% recorded last year.
Meanwhile, housing inventory edged up modestly to 3,245 homes listed for sale, while the average months of supply declined to 4.8 months from 5.2 months previously, indicating a relatively balanced level of supply between buyer demand and available inventory.
