The REALTOR® Association of Sarasota and Manatee (RASM) has released its March 2025 real estate market report, offering insight into the ongoing evolution of the local housing landscape. Data from Florida REALTORS® shows that Sarasota and Manatee counties continue to move toward a more balanced—buyer-friendlier—market.
Sales activity improved month-over-month, though trends varied compared to last year. Inventory levels remained strong, giving buyers more options. Home prices in Sarasota showed continued softening, while Manatee County's pricing stabilized. Cash sales remain a significant part of the market, particularly in Sarasota, while days on market suggest buyers still have negotiation power.
Single-Family Homes
Sarasota County:
-
817 sales (+13.0% YoY)
-
Median sale price: $469,450 (-8.8%)
-
44.7% of transactions were cash sales
-
Inventory rose 30.8% to 4,412 active listings (6.9 months’ supply)
-
Median time to contract: 40 days | Median time to sale: 82 days
Manatee County:
-
668 sales (-8.5% YoY)
-
Median sale price: $506,317 (+1.5%)
-
Inventory: 3,256 active listings (5.2 months’ supply)
-
Median time to contract: 46 days | Median time to sale: 95 days
Townhomes & Condos
Sarasota County:
-
324 sales (-19.8% YoY)
-
Median sale price: $346,500 (-10.2%)
-
68.5% of transactions were cash sales
-
Inventory rose to 2,714 active listings (9.7 months’ supply)
-
Median time to contract: 46 days | Median time to sale: 84 days
Manatee County:
-
300 sales (+6.4% YoY)
-
Median sale price: $338,395 (-1.3%)
-
52.0% of transactions were cash sales
-
Inventory: 1,816 active listings (8.2 months’ supply)
-
Median time to contract: 62 days | Median time to sale: 106 days
March 2025 Key Market Trends:
📉 Prices Adjusting in Sarasota – Single-family homes and condos experienced further price softening, creating more opportunities for buyers.
🏡 Inventory Growth Continues – Active listings increased across both counties, gradually shifting conditions toward a more balanced market.
⏳ Pace Steadying – Homes in Sarasota moved to contract a bit faster, while Manatee condos saw slightly longer market times.
What This Means for Buyers & Sellers
With inventory continuing to grow and prices adjusting in some areas, buyers have more options and increased flexibility in negotiations. Sellers are still finding success but need to price carefully and present their homes thoughtfully to stay competitive in today’s evolving market.
#SarasotaMarketTrend #BradentonMarketTrend #LakewoodRanchMarketTrend #MaryAnnFentonRealtor #BrightRealty
* Based on information and monthly reports provided by Florida Realtors® with data compiled from Stellar MLS by RASM
Add comment
Comments