The housing market in Sarasota and Manatee counties showed a shift toward a more balanced, or even buyer-friendly, environment in February 2025. Across all property types, sales activity slowed compared to the previous year, while inventory levels grew, creating more options for buyers. Home prices showed signs of softening, with declines in median and average sale prices across most segments.

The REALTOR® Association of Sarasota and Manatee (RASM) has released its August 2024 real estate market report, detailing key trends across the Sarasota and Manatee counties. Based on data compiled by Florida Realtors®, the report highlights a decline in closed sales and median sales prices, along with an increase in inventory and median time to contract during the summer months. While summer slowdowns are expected, the extent of these shifts is noteworthy as we approach the prime selling season.

According to data compiled by Florida Realtors®, the real estate markets in Sarasota and Manatee counties have returned to conditions similar to those seen before the COVID-19 pandemic, reflecting a market correction that brings us back to pre-pandemic norms.

Median and average sale prices vary, with some areas showing increases and others decreases, reflecting local market conditions and demand.