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Home Buying Home Prices Home Selling Real Estate

Manatee County Single-Family Home Market Update

Manatee County’s single‑family home market in May 2026 showed modest softening across several key indicators. Closed sales dipped slightly, down 0.5% year over year to 782 transactions, while the median sale price declined 3.8% to $460,000, signaling some easing in pricing power. Active inventory also contracted by 12%, leaving 2,832 homes available and suggesting fewer options for buyers compared to last year.

Buyer composition shifted as well, with cash sales making up 27% of all closings, down from 31.2% a year earlier. This decline points to a relative pullback among cash buyers, often investors or second‑home purchasers, compared to traditional financed buyers. Despite softer pricing and fewer cash transactions, the market still showed signs of buyer engagement.

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Home Buying Home Selling Real Estate

Rethinking 2026

Originally, the National Association of Realtors (NAR) was bullish on a rebound for 2026 existing home sales, with an expected 14% increase in sales when compared to 2025. While there were a lot of drivers for that expectation, I believe two of the main ones were mortgage interest rate declines and pent-up demand from a few years of low sales.

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Home Buying Home Prices Home Selling Mortgages Real Estate

Mortgage Interest Rate Update

Mortgage interest rates continued to rise slowly over the past 30 days. As of this week, the average U.S. rate for a 30‑year fixed mortgage is 6.48%, compared with 6.37% a month ago. While most forecasts anticipated a gradual decline continuing through 2026 earlier this year, there are currently as many showing increases as decreases throughout the remainder of the year.

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Home Buying Home Selling

Beyond Money in Offers

Sometimes, the highest offer doesn’t win in real estate transactions. Florida Realtors has put together the infographic below to highlight other considerations that may just win the day.

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Home Selling Real Estate

Selling Faster

Florida Realtors created the infographic below to identify home improvements that can help you sell your home faster.