New pending sales are up from last month in both counties and also compared to last year. Sarasota single family homes saw a 24 percent increase from last month, with condos up 17.2 percent. Manatee county single family homes increased by 6.3 percent, while condos increased by 24.5 percent. Both Manatee and Sarasota county increased by 3.3 percent in new pending condo sales from 2015 and by 1 percent for single family pending sales from last year.

Closed sales continued the downward trend we have seen most of the year.  Combined, sales are down by 6.9 percent from last year. This decrease was also reflected from the previous month, a combined decrease of 10.3 percent for condos and single family homes in the two-county area.

To read the full press release from the Realtor Association of Sarasota and Manatee click here.