Tag: Lakewood Ranch

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.

The upward trend in inventory appears to be stabilizing in Manatee County. The market is still hotter at the lower end than the top end, pushing the median sale price down. However, it appears that the future market for at least next few months (our traditionally slower season) will look a lot like the market we have now. That means that transactions can get done in a reasonable manner whether you are a buyer or seller. The infographic below from Florida Realtors contains more details on the latest results from May.

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.