The latest data shows both counties continuing their shift toward a more balanced, opportunity-rich market. Buyer activity is strong across the board, inventory is climbing, and pricing trends are separating:
• Single-family homes are stabilizing or softening slightly depending on county.
• Condos are experiencing the most noticeable price adjustments, giving buyers more leverage and choice.
Overall, this fall market favors strategic pricing for sellers and patient, data-driven decisions for buyers.
✅ Manatee County
Single-Family Homes
• Closed Sales: 596 (⬆️ 26.8%)
• Median Price: $481,000 (⬆️ 0.2%)
• Time to Contract: 55 days (⬇️ 8.3%)
• Months Supply: 4.2 months (⬆️ 7.7%)
📌 Insight:
Demand remains very strong, and even with rising inventory, homes are selling faster. Prices are holding steady—proof the single-family market is stabilizing, not declining.
Condos/Townhomes
• Closed Sales: 175 (⬆️ 8.0%)
• Median Price: $292,500 (⬇️ 10.8%)
• Time to Contract: 86 days (⬆️ 14.7%)
• Months Supply: 6.3 months (⬆️ 5.0%)
📌 Insight:
Condo prices continue to adjust downward, and supply over 6 months signals a buyer-leaning segment. Buyers have options—and negotiating power—while sellers must price strategically.
Single-Family Homes
• Closed Sales: 668 (⬆️ 29.7%)
• Median Price: $445,000 (⬇️ 9.2%)
• Time to Contract: 61 days (⬆️ 24.5%)
• Months Supply: 5.0 months (⬆️ 6.4%)
📌 Insight:
Softer pricing is attracting buyers—sales are up significantly. Inventory is rising toward balance, and longer days on market reflect a more deliberate pace where buyers take time to compare options.
Condos/Townhomes
• Closed Sales: 246 (⬆️ 23.0%)
• Median Price: $310,000 (⬇️ 19.5%)
• Time to Contract: 101 days (⬆️ 68.3%)
• Months Supply: 7.5 months (⬆️ 36.4%)
📌 Insight:
This is the softest segment across both counties. With prices down nearly 20% and supply over 7 months, buyers have meaningful leverage. Sellers must be competitive with price, condition, and concessions.
Bottom Line
Across Sarasota and Manatee, the market is evolving into a balanced, opportunity-heavy environment.
• Buyers benefit from more inventory, more negotiating room, and softer condo pricing.
• Sellers can still succeed—especially in single-family homes—by pricing correctly and preparing homes properly.
• Investors should watch condo segments closely for value opportunities.
The right strategy matters more than ever. A knowledgeable local REALTOR® helps you navigate pricing, timing, and negotiations with confidence.
Michael Fyvie, REALTOR®
KW Coastal Living
(518) 878-6869
5391 Lakewood Ranch Boulevard N, Suite 100
Sarasota, FL 34240
https://movetolakewoodranchflorida.com
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