Category: Home Prices

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Home Buying Home Prices Home Selling Real Estate

Sarasota County Single-Family Home Market Update

Although Sarasota County transaction data is generally moving in the same way as Manatee, there is one significant difference. In Sarasota, the hotter part of the market is definitely down market. The year-on-year 8.8% reduction in median sale price in March drives that point home. I expect that to balance to more normal levels as we head into our slower season. It remains a good time for opportunistic buyers in Sarasota County. Buyers shouldn’t expect to have all of the leverage in negotiations, but there is definitely value to be had when compared to recent years. The infographic below from Florida Realtors contains more information.

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Home Buying Home Prices Home Selling Real Estate

Manatee County Single-Family Home Market Update

Single-family home inventory is continuing to grow as we wrap up our area’s busy season. New listings continue to outpace both closed sales and new pending sales. Overall transaction volume was significantly lower in March of 2025 than it was in March of 2024. Interestingly, the median sale price held strong last month. The likely driver of that was the mix of home sales skewing upmarket in 2025. While it is not a terrible time to sell, the market favors buyers more than we have seen in quite a while. The infographic from Florida Realtors, below, contains more March highlights.

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Home Buying Home Prices Home Selling Real Estate

The Tariff Impact on Home Sales

Mortgage rates decreased last week following the Trump administration’s tariff announcement. The sharp sell-off in the stock market prompted investors to flock to the bond market, which led to a drop in bond yields. Since mortgage rates tend to follow the yield on the 10-year U.S. Treasury, this decline resulted in lower mortgage rates.

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Categories
Home Buying Home Prices Real Estate

Sarasota County Single-Family Home Market Update

While there is a little more market movement in Sarasota County than Manatee County, the overall story is pretty consistent between both counties. Inventories are up, but not enough to swing us to a buyer’s market. Instead, balance rules the day. That said, at the current rate of change, we may be calling another buyers’ market before the next peak season in Sarasota. Now is a good time to be on either side of a transaction as there is some leverage to be had by both sides.

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Home Buying Home Prices Home Selling Real Estate

Sarasota County Market Update – Single Family Homes

Closes sales for single-family homes were down 12% YoY in March in Sarasota County. The continued reduction in sales has brought inventory levels up 77% when compared to the same time last year. While that may seem drastic, it was actually needed to bring the market back into balance. It continues to be a reasonable time to be on either side of a transaction in Sarasota. The infographic below from Florida Realtors contains more information from March.