How is Manatee housing market after 2024 hurricanes? Latest report has answers
The latest housing market report for the area showed double-digit closed sales growth, a year after Hurricane Milton disrupted closings and listings.
According to the Realtor Association of Sarasota and Manatee’s report, Manatee County had a 26.8% increase in single-family home sales and an 8% increase in townhouse and condo sales year-over-year.
Milton’s catastrophic damage to Manatee and Sarasota counties caused lower-than-normal activity in October 2024 compared to October 2025.
“October’s numbers show just how far our single-family market has come since last year’s storm disruption,” RASM president Debi Reynolds said in a news release. “The spike in closed sales reflects a true rebound in consumer confidence, while more stable pricing and inventory suggest the market is finding its footing again. It’s a strong sign of resilience in both counties.”
The month-to-month trend continues to be stabilization and a rebalancing for buyers and sellers, the report said.
Other key trends compared to October 2024 include median sales prices holding steady or dipping slightly in the single-family home market, while the condo market continues to soften; inventory levels continue rising over all segments year-over-year and homes are spending more time on the market, especially condos, according to the report.
Manatee County
The median sale price for single-family homes in Manatee County was $481,000, which was a 0.2% increase year-over-year. Active listings rose 12% to 2,671 and the monthly supply is at 4.2 months. The median time to contract and time to sale were 55 and 105 days, respectively.
The condo and townhome market for Manatee County saw a $292,500 median sale price, which marks a 10.8% decrease compared to October 2024. The condo inventory totals 1,405 active listings, a 9.3% increase year-over-year. The monthly supply is at 6.3 months, with a median time to contract hitting 86 days and time to sale reaching 128 days.
Sarasota County
In Sarasota County, single-family homes had a 9.2% decrease to $445,000 in the median sale price.
The inventory supply increased to 5.0 months, while homes had a median time to go under contract of 61 days and a median time to close of 106 days.
Sarasota’s townhouse and condo market had a 19.5% year-over-year drop in the median sale price to $310,000. Inventory increased to a 7.5-month supply. Active listings are more than 2,000 units signaling a 23.6% increase from October 2024.
The median time to contract was 101 days, and the median time to sale hit 141 days.
“Sellers in the condo market are adjusting to the reality of more competition and price sensitivity,” Reynolds said in the news release.
The report said the sharp drop in activity from October’s hurricane damage could skew the comparisons to this year’s data, making “annual gains appear more pronounced than they may be in reality.”
