August 2025 Real Estate Market Report: Trends in Sarasota and Manatee Counties

SARASOTA, Fla. (September 23, 2025) – The REALTOR® Association of Sarasota and Manatee (RASM) has released its August 2025 real estate market report, offering a comprehensive analysis of key trends across both counties. According to data from Florida REALTORS®, the August 2025 housing market in Sarasota and Manatee counties reflects a region in transition, with increasing balance between buyers and sellers. Single-family homes experienced modest year-over-year growth in sales, with Sarasota holding steady on pricing while Manatee saw slight declines. Meanwhile, Sarasota’s townhome and condo market posted strong sales growth, while Manatee’s condo sector experienced fewer transactions. Across both counties, inventory levels remain higher than last year, though they have started to soften slightly over the past few months. This shift has contributed to slower sales, as properties now take over 100 days to close on average, signaling that buyers have more time and options when making decisions.

Key Trends in Sarasota/Manatee August 2025:

• Sales Activity: Both counties saw modest growth or stability in single-family closed sales compared to last August. Townhomes and Condos in Sarasota posted strong growth, while Manatee saw a decline year-over-year.
• Median Sales Price: Single-family prices held steady or dipped slightly year-over-year. Condo prices softened notably.
• Inventory: Inventory has notably increased year-over year but has started to soften over the last couple of months. The condo and townhome market, especially in Sarasota, are edging toward a buyer’s market, while single-family homes remain more balanced.
• Speed of Sales: Homes are taking longer to sell, as time to sale now exceeds 100 days in all segments.

Single-Family Homes

In August 2025, Sarasota County reported 641 single-family home sales, a 1.3 percent increase year-over-year. The median sale price remained steady from August 2024 at $475,000 but increased from the previous month. Cash buyers accounted for 36.3 percent of all closed sales. The median percent of the original list price received by sellers was 92.3 percent, signaling an increase in buyer leverage.

Inventory levels increased by 13.8 percent year-over-year to 3,307 active listings, but have been trending downward since May 2025, bringing the months supply to 5.2 months. The median time to contract and median time to sale increased from the previous month to 69 days and 109 days, respectively.

In August 2025, Manatee County reported 650 single-family home sales, a 5.7 percent increase year-over-year. The median sale price decreased 5.3 percent year-over-year to $467,640. Cash buyers accounted for 28.5 percent of all closed sales. The median percent of the original list price received by sellers was 94.8 percent.

Manatee County ended August 2025 with 2,814 active listings, representing a 4.6-month supply of inventory, signaling sellers still have some leverage. The median time to contract and median time to sale decreased from the previous month to 53 days and 101 days, respectively.

“Inventory has been building over the past year, giving buyers more options, but we’ve started to see a gradual softening over the past few months,” said Debi Reynolds, 2025 RASM President and Managing Broker at SaraBay Real Estate. “This points to a more balanced market where realistic pricing, and strong negotiation strategies are essential.”

Townhomes and Condos

In August 2025, Sarasota County reported 247 townhome and condo sales, a 13.8 percent increase year-over-year. The median sale price fell 13.0 percent year-over-year to $300,000, with 61.9 percent of sales being cash purchases. The median percent of the original list price received by sellers was 88.5 percent.

Inventory levels increased by 12.6 percent from year-over-year to 1,882 active listings, but have steadily decreased since March 2025, bringing the months supply to 7.0 months. The median time to contract and the median time to sale increased from the previous month to 87 days and 132 days, respectively.

In August 2025, Manatee County reported 200 townhome and condo sales, a 7.0 percent decrease year-over-year. The median sale price fell 11.7 percent to $291,250 with 54.5 percent of sales being cash purchases. The median percent of the original list price received by sellers was 90.4 percent.

Inventory levels increased by 9.4 percent year-over-year to 1,396 active listings, but have also seen decreases since April 2025, bringing the months supply to 6.4 months. The median time to contract and median time to sale increased from the previous month to 78 days and 120 days, respectively.

“Condos are taking longer to close, with time to sale exceeding four months in many cases,” added Reynolds. “This underscores the value of working with a REALTOR® to navigate today’s market and ensure smooth, successful transactions.”

Summary

As the market continues to evolve, navigating these changes has become more complex for both buyers and sellers. Whether dealing with competitive single-family segments or the increasingly buyer-friendly condo market, understanding local trends is critical to pricing, negotiations, and timing. Working with a trusted REALTOR® provides valuable insight and guidance, ensuring that buyers can take advantage of growing opportunities and sellers can position their properties effectively in a shifting marketplace.