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Veteran’s Day
Category: Real Estate
With the buzz about potentially increasing the term of the 30-year mortgage, I think it’s important that we keep our eye on ball of the more critical factor – interest rates. Personally, 10 to 20 more years of payments to keep a monthly payment down is not as attractive as downward movement in interest rates. The infographic below from Florida Realtors shows how your monthly payment can improve with a 1% improvement in interest rates.
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Happy Halloween!
In September 2025, Sarasota County’s single-family home market experienced a mix of growth and resilience. Closed sales totaled 646, marking a 26% increase from the previous year, while the median sale price dropped 8.2% to $450,000, suggesting more activity at the bottom end of the market. Active inventory rose to 3,137 homes, a 10% increase year-over-year, indicating more choices for buyers and potentially longer selling times for sellers.
New pending sales reached 637, up 23% from last year, pointing to renewed buyer interest heading into our peak season. Cash purchases made up 40.4% of closed sales, nearly unchanged from the prior year, showing continued strength among cash buyers. New listings held steady at 754, with only a slight 0.7% increase, suggesting sellers are cautiously entering the market. Overall, the data reflects a continuing transitional period, with pricing adjustments and shifting buyer activity shaping the landscape. The infographic below from Florida Realtors contains more information from September.
In September 2025, the single-family home market in Manatee County showed notable activity and subtle shifts in buyer behavior. Closed sales surged by 24% year-over-year, reaching 662 transactions, while the median sale price held steady at $470,000, indicating price stability despite increased volume. Active inventory rose by 7.9%, suggesting more options for buyers, though new listings dipped slightly by 3.9% to 681. This mix of rising inventory and fewer new listings points to a market balancing supply and demand.
Cash buyers made up 29.9% of closed sales, a slight increase from 26.5% the previous year, hinting at a modest shift for cash purchases. Meanwhile, new pending sales totaled 580, reflecting continued buyer interest even as listing activity softened. Overall, the data suggests a resilient market with steady pricing, increased sales momentum, and evolving buyer dynamics heading into our peak transaction season. The infographic below from Florida Realtors contains more information from September.
