If you’ve been watching our market from the sidelines, here’s some good news: after a few frenzied years, things have leveled out. Inventory is up, homes are sitting a little longer, and sellers are actually negotiating again. That’s a real shift from where we were, and it means buyers finally have some breathing room to make a smart decision instead of a rushed one.
Mortgage interest rates were essentially flat over the past 30 days. As of this week, the average U.S. rate for a 30‑year fixed mortgage is 6.49%, compared with 6.52% a month ago. At this time, there are as many experts predicting a rise in mortgage interest rates for the remainder of 2026 as there are predicting a fall.
Florida Realtors has created the infographic below, helping people understand what helps homes sell faster. In today’s market, every little bit can help.
Sarasota County’s housing market showed solid momentum in May 2026, with closed sales rising 7.2% year over year to 845 transactions. Prices continued to edge upward as well, with the median sale price increasing 2.2% to $475,000, reflecting steady buyer demand despite broader economic uncertainty. At the same time, active inventory fell sharply, down 25% to 3,099 homes, indicating a tighter supply environment compared to last year.
Buyer composition shifted toward stronger cash activity. Cash sales accounted for 42% of all closings, up from 35.8% a year earlier, underscoring Sarasota’s continued appeal to investors, second‑home buyers, and other cash‑heavy purchasers. This elevated share of cash transactions suggests competitive conditions for financed buyers, even as overall inventory remains constrained.
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.