‘A more calculated approach.’ Latest report shows Manatee housing market changes
The housing market in Manatee and Sarasota counties has delivered rising sales, tightening inventory and stable home prices.
According to the Realtor Association of Sarasota and Manatee housing report detailing March data, closed sales increased year-over-year for single-family homes as well as condos and townhouses.
“Despite these conditions, prices have remained relatively stable,” the report said.
According to the March report, homes are spending more time on the market before going under contract.
“We are continuing to see increased demand across both counties and across multiple property types, with buyers taking a more calculated approach to their purchasing decisions,” RASM president David Crawford said in a news release. “Today’s buyers are focused on value and are approaching the process with less emotion and a more strategic, data-driven mindset.”
Manatee County
In Manatee County, single-family home sales rose 21.9% year-over-year, registering 814 closed sales in March. The median sale price dipped 2.4% to $494,205 compared to March 2025. Sellers snagged a median of 94.4% of their original listing price.
Active inventory declined 8.1% year-over-year. However, there is a 4.7-month supply of homes and the median time on the market was 51 days, while it took about 102 days to close.
The condo and townhome sector saw an increase in sales by 12.0% year-over-year, with 336 closed transactions. The median sale price dropped 11.3% to $300,000. Inventory dipped 12.1%, but has a 7.1-month supply. Properties spent a median of 61 days on the market before going under contract and roughly 105 days to close.
Sarasota County
In Sarasota County, single-family home sales jumped 8.9% compared to March 2025. The median sale price of $485,000 was a 3.3% increase year-over-year.
Inventory levels dropped 24% to 3,351 homes. That represents a 4.8-month supply. Homes had a median of 49 days on the market before going under contract and it took about 88 days to close.
The townhome and condo sector had strong growth, with closed sales increasing 40.4% year-over-year. There were 455 transactions in March. The median sale price of $359,500 is a 3.8% increase compared to the same month last year.
Active inventory remains a robust 8.1-month supply, despite the total decreasing 11.9% to 2,392 units.
Properties had a median time to contract of 65 days and about 104 days to close.
According to the report, “the data suggests a shift away from a fast-moving, seller-driven environment toward a more balanced and strategic market.”
