If you've been watching the Sarasota and Manatee housing market wondering what these shifts mean for your family's next move, you're not alone. The latest data for May 2025 shows our local market continuing its evolution toward a more balanced landscape creating new opportunities for both buyers and sellers, while requiring sharper strategy and expert guidance to navigate successfully.
Single Family Home Snapshot: Steady, but Slightly Cooled
- Closed Sales: 1,574 homes sold - down 4.7% year-over-year, indicating a measured cooling in transaction volume.
- Median Sale Price: $475,000 - down 9.9% year-over-year, bringing prices back toward more accessible levels.
- Median Time to Contract: 51 days - up 15.9% from last year, showing properties are taking longer to find buyers.
- Months Supply: 5.9 months - up 28.3%, providing buyers with more choices.
What this means: While activity has moderated from the overheated market of recent years, demand remains fundamentally solid. Homes that are priced strategically and marketed professionally are still moving just with more thoughtful consideration from buyers rather than instantly as we saw before.
Condos & Townhomes: Price Relief, Mixed Buyer Response
- Closed Sales: 607 - down 11.6% year-over-year, showing buyers remain selective despite opportunities.
- Median Price: $316,000 - down 13.4%, creating significant affordability improvements from peak pricing.
- Median Time to Contract: 59 days - varies by county (Sarasota down slightly, Manatee up), suggesting different local dynamics.
- Months Supply: 8.6 months - up 36.5%, indicating substantial inventory for buyers to choose from.
What this means: The dramatic price reductions in condos and townhomes haven't yet sparked the surge in buyer activity you might expect. This suggests buyers are being particularly discerning, waiting for the right combination of price, condition, and location. For sellers, this means exceptional presentation and strategic pricing are absolutely essential.
County-by-County Insights
Sarasota County Single Family:
- 788 sales (down 7.3%), median $465,000 (down 12.3%)
- 6.6 months supply, 51 days to contract
Manatee County Single Family:
- 786 sales (down 1.9%), median $478,195 (down 8.9%)
- 5.2 months supply, 52 days to contract
Sarasota County Condos/Townhomes:
- 342 sales (down 19.1%), median $321,020 (down 12.8%)
- 9.2 months supply, 59 days to contract (down from 61 days)
Manatee County Condos/Townhomes:
- 265 sales (up 0.4%), median $313,000 (down 13.4%)
- 7.9 months supply, 60 days to contract (up from 56 days)


My Local Perspective & Guidance
For Sellers: Your success hinges on telling your home's story compellingly. This means market informed pricing, engaging photography and marketing, thoughtful staging that helps buyers envision their life there, and skilled negotiation when offers arrive. The homes sitting on the market are often those that missed one or more of these elements.
For Buyers: This market shift represents your best opportunity in years, but preparation is key. Buyers with preapproved financing, clear priorities, and the ability to move decisively when they find the right property will secure the best homes at the best terms.
What This Means for Your Next Move
If you're buying: You have more inventory to choose from and genuine negotiating power but only if you're prepared to act when you find the right property.
If you're selling: Quality and strategy will determine your outcome. A well positioned listing will attract strong interest, while properties that aren't properly prepared may linger.
Ready to make your move? I'm here to assist you in making your next step a confident and successful one. Let's discuss how these market conditions specifically impact your goals and create a winning strategy together.
Contact me today for your complimentary market consultation.
#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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