The latest real estate report for April 2025 from the REALTOR® Association of Sarasota and Manatee (RASM) offers some clear signals: our local market continues to adjust, and we’re seeing early signs of balance returning after the highly competitive years we’ve all experienced.
Whether you're thinking of buying, selling, or simply keeping an eye on the market, understanding where we are right now can help you make confident decisions.
A Market Finding Its Footing
The headlines show softening prices, steady sales, and growing inventory all classic signs of a market moving toward stabilization. This is not a market crash. Instead, it’s a healthy correction that’s opening new doors for buyers while reminding sellers of the importance of preparation and pricing.
Sarasota & Manatee Single Family Home Highlights
Sarasota County (Single Family):
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817 homes sold (up slightly by 0.7% year-over-year)
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Median sale price: $470,000 (down 13% compared to April 2024)
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Active inventory: 4,448 homes (up 34.6%)
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Months’ supply of inventory: 7.0 months moving toward a buyer’s market
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46% of sales were cash purchases
Manatee County (Single Family):
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672 homes sold (down 1.9% year-over-year)
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Median sale price: $464,000 (down 12.5%)
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Active inventory: 3,251 homes (up 32.7%)
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Months’ supply of inventory: 5.2 months
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29.9% of sales were cash purchases
What this means: Inventory growth is offering buyers more selection. Prices have adjusted from the peaks we saw in prior years, but activity remains steady. Well prepared and properly priced homes continue to sell.
Sarasota & Manatee Condo and Townhome Highlights
Sarasota County (Condos/Townhomes):
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375 sales (down 13% year-over-year)
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Median sale price: $339,500 (down 14.9%)
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Active inventory: 2,654 units (up 43.3%)
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Months’ supply of inventory: 9.6 months firmly in buyer-friendly territory
Manatee County (Condos/Townhomes):
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273 sales (down just 1.1% year-over-year)
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Median sale price: $300,220 (down 14.8%)
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Active inventory: 1,817 units (up 30.2%)
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Months’ supply of inventory: 8.2 months
What this means: The condo and townhome market has seen the most significant price adjustments. Buyers have more negotiating power and more inventory to choose from. Sellers need to ensure their properties are well presented and competitively priced to attract today’s buyers.
My Local Take
We're entering what I call a "Skill Market." This is no longer a market where simply listing a property guarantees success. Buyers have more options, and sellers need strategic pricing, expert preparation, and professional marketing to capture attention and drive offers.
✅ For sellers: The right price, expert staging, strong online presence, and local market knowledge are all crucial. Buyers are discerning and expect value but with the right approach, motivated buyers are absolutely still out there and ready to act.
✅ For buyers: With more inventory and softened prices, the door has opened for many who may have been sidelined during the peak frenzy. However, well priced homes can still move quickly, and interest rates remain a major factor. Being financially prepared, decisive, and educated on market trends is the key to successfully securing the right home.
The truth is: no two transactions are ever the same. Every buyer and seller has a unique situation, timeline, and set of goals. That’s where working with a trusted, experienced local professional makes all the difference. My role is to guide you through these shifts with clarity, confidence, and care always keeping your best interests at the center of every decision.
Because at the end of the day, real estate isn’t just about property it’s about people, goals, and dreams.
Ready to make your move? Whether you're buying, selling, or both, I will help you navigate this shifting market with a proven strategy, expert guidance, and a results driven plan designed to get you to your goals with confidence.
#SarasotaMarketTrend #BradentonMarketTrend #LakewoodRanchMarketTrend #MaryAnnFentonRealtor #BrightRealty
* Based on information and monthly reports provided by Florida Realtors® with data compiled from Stellar MLS by RASM
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