April's Market Shows Consistent Activity
The REALTOR® Association of Sarasota and Manatee (RASM) just released the April 2026 market report. The data shows steady activity across both counties: closed sales increased in all four major segments, inventory declined across the board, and prices held relatively stable. Pending sales also rose, which typically signals continued buyer engagement in the months ahead.
One noteworthy trend: the luxury market segment (homes over 1 million dollars) saw stronger activity in both Sarasota and Manatee counties.
Here's what the numbers show:
Sarasota County Single-Family Homes: Modest Growth, Strong Fundamentals
Sarasota's single-family market delivered 824 closed sales in April, up just 0.9% from last year. But here's what matters more: the median sale price climbed 4.3% to $490,000, and the average sale price jumped 24.6% to $814,685. That spike in average price reflects brisk activity at the upper end of the market, where luxury homes are moving well.
Cash buyers represented 43.9% of transactions (362 all-cash deals), and sellers received a median of 94.3% of their original list price. New pending sales surged 17.0% year-over-year, a strong signal of continued momentum heading into summer.
Inventory fell 26.8% to 3,258 active listings, leaving us with a 4.7-month supply. That's nearly balanced. Homes took a median of 46 days to go under contract and 86 days to close.
The bottom line: Sarasota's single-family market showed modest growth. The average price increase reflects activity at the higher end, and inventory continues to tighten gradually.
Sarasota County Condos & Townhomes: Steady Growth
Sarasota's condo and townhome segment posted 445 closed sales in April, up 18.7% from last year. Pending sales also increased 35.1% year-over-year, indicating ongoing buyer interest.
The median sale price held nearly flat at $337,500, down just 0.6% from last year. Cash transactions dominated at 70.1% of sales (312 cash purchases). Sellers received a median of 91.1% of their original asking price.
Active inventory dropped 13.3% to 2,300 units, representing a 7.7-month supply. Homes took a median of 67 days to go under contract and 103 days to close.
What this means: The rise in pending sales suggests buyers continue to be engaged in this segment. The inventory level remains above balanced, giving buyers room to negotiate.
Manatee County Single-Family Homes: Price Appreciation Continues
Manatee County's single-family market posted 704 closed sales in April, up 4.8% from last year. More importantly, the median sale price increased 6.1% to $492,500, showing sustained price appreciation even as activity grows.
Cash buyers accounted for 32.8% of transactions (231 sales), and sellers received a median of 94.6% of their original list price. New pending sales rose 4.6% year-over-year.
Active inventory declined 9.9% to 2,929 listings, representing a 4.6-month supply. Properties spent a median of 44 days to go under contract and 88 days to close.
The bottom line: Manatee's single-family market showed growth with prices rising modestly. Inventory continues to decline gradually, and activity remains steady.
Manatee County Condos & Townhomes: Gaining Traction
Manatee's condo and townhome market saw 307 closed sales in April, up 12.5% from last year. The median sale price increased 6.6% to $320,000, showing price appreciation in this segment as well. Cash buyers represented 58.6% of purchases (180 transactions), and sellers received a median of 93.2% of their original list price.
New pending sales rose 14.6% year-over-year, indicating accelerating buyer interest. Active inventory dropped 12.9% to 1,582 units, leaving a 6.9-month supply. Homes took a median of 60 days to contract and 103 days to close.
What this means: Manatee's condo market showed modest growth with prices rising and inventory declining. Pending sales activity remained steady.
What April's Data Means for You
April showed modest growth across most segments, with slight inventory declines and prices holding relatively steady. Whether you're buying or selling, understanding what's happening in your specific neighborhood and property type matters.
For sellers, prices are stable and there are buyers in the market. For buyers, inventory remains at reasonable levels and there's still room to negotiate. The key is working with someone who understands the local data and can help you make informed decisions based on where you are in the market.
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*Based on information and monthly reports provided by Florida Realtors® with data compiled from Stellar MLS by RASM
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