In 2025, existing home prices are expected to see modest year-over-year growth, with most experts projecting increases of less than 2%. However, mainstream forecasts anticipate continued appreciation over the longer term, with prices rising more than 10% by 2030. Similarly, new home prices are expected to grow gradually in 2025, with growth accelerating in the following years.
In June 2025, Sarasota County’s single-family home market showed a mix of modest growth and slight cooling trends. Closed sales rose by 1.0% year-over-year to 699 homes, and new pending sales saw a notable increase of 12%, reaching 659. However, the median sale price declined by 8.1%, bringing it down to $455,000. This drop in prices may indicate a shift in buyer affordability or negotiating power.
Inventory levels continued to build, with active inventory growing 23% year-over-year to 3,955 homes, suggesting more options for buyers and longer market times for sellers. Overall, while prices softened, increased sales activity and rising inventory point to a market that’s becoming more balanced between buyers and sellers. The infographic below from Florida Realtors contains more information.
In June 2025, the single-family home market in Manatee County experienced a continuation of our current cooling trend. Closed sales totaled 705, marking a 3.2% decline from the previous year, while new pending sales dropped even further by 11% to 583. The median sale price decreased significantly by 15%, falling to $440,000, indicating a shift toward a more buyer-friendly market.
At the same time, active inventory rose sharply by 27% year-over-year to 3,196 homes, reflecting a growing supply in the market. Overall, the combination of declining prices, increased inventory, and reduced cash purchases points to a market adjusting after a period of high activity and price growth. The infographic below from Florida Realtors contains more information.
In today’s competitive housing market, preparing your home for sale is more important than ever. Understandably, sellers are hesitant to invest in updates they won’t benefit from directly. However, smart, strategic improvements can make a big difference in attracting buyers and boosting your home’s value.
To help guide you through this process, Florida Realtors has created the infographic below with practical tips to get your home market-ready.
The National Association of Realtors (NAR) recently stated that home sales could see a slight increase this year. If mortgage rates drop to 6%, next year could bring double-digit growth. According to NAR’s new Market Statistics Dashboard, mortgage rates around the 6% mark could trigger more than half a million additional home sales.