Prices and Inventory on the Rise in the Sarasota and Manatee Real Estate Market

By | June 22, 2017

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The statistics for the month of May just released by the Realtor Association of Sarasota and Manatee showed an increase in new listings, median sales prices, inventory and closed sales, according to data compiled by Florida Realtors® from My Florida Regional MLS.

Combined closed sales in Sarasota County increased by 10.1 percent from May of 2016, while Manatee County experienced an increase of 1 percent from last year. In addition to a year-over-year increase, sales in the two-county area also increased from last month, up 5.9 percent from April 2017.

The median sales price for single family homes in Sarasota is $260,000, a decrease of 1.1 percent from May 2016. Manatee single family home prices increased by 7.8 percent to $299,000. Condo prices are up in both counties, a 3.1 percent rise to $255,700 in Sarasota County and an 11.7 percent increase to $186,250 in Manatee County.

Last month’s report showed a decrease in properties listed, a typical indication of the end of the season. This month, new listings showed an increase from last year. Sarasota County single family homes increased by 8.5 percent from last year, while condos increased by 1.3 percent. Single family homes in Manatee County increased by 2.3 percent from last year, while condos increased by 0.8 percent.

Active inventory listings are up in both counties from May 2016. Year-over-year, inventory for Sarasota is up by 10.9 percent and in Manatee inventory is up by 6.6 percent. However, compared to last month, inventory is down in both counties. Sarasota inventory decreased by 3.9 percent, while Manatee inventory decreased by 3.2 percent.

To read the full press release and view the statistical charts visit the Realtor Association of Sarasota and Manatee.


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