Sarasota County Highlights:
Single-Family Homes: Sales surged to 817 units, marking a 38.7% increase from February and a 13.0% rise year-over-year. However, the median sale price dipped by 8.8% compared to March 2024, settling at $469,450. Inventory expanded to 4,412 active listings, equating to a 6.9-month supply.
Townhomes & Condos: Sales reached 324 units, a 36.7% uptick from the previous month but a 19.8% decline year-over-year. The median price decreased by 10.2% to $346,500. Inventory grew to 2,714 listings, representing a 9.7-month supply, indicating a shift towards a buyer’s market.
Manatee County Highlights:
Single-Family Homes: Sales totaled 668 units, up 33.6% from February but down 8.5% year-over-year. The median sale price rose by 1.5% to $506,317, the highest since June 2024. Inventory stood at 3,256 active listings, a 5.2-month supply.
Townhomes & Condos: Sales increased to 300 units, a 19.5% rise from February and a 6.4% increase year-over-year. The median price slightly declined by 1.3% to $338,395. Inventory remained stable at 1,816 listings, an 8.2-month supply.
Market Insights:
Sarasota’s single-family home sales are robust, yet prices are softening, offering opportunities for buyers. In contrast, Manatee’s single-family market shows price resilience despite a dip in sales. The condo and townhouse segments in both counties are transitioning towards buyer-friendly conditions, with increased inventory and longer time on the market.
Camila Yeager
Broker Associate
Marketing & Operations Manager
