📈 Sarasota & Manatee Counties Real Estate Market Report – August 2019

Here’s a look at the Sarasota & Manatee Counties’ Real Estate Market for August 2019. According to statistics from the REALTOR® Association of Sarasota and Manatee, new home listings increased for both counties when compared year-over-year. Read more about this month’s real estate market trends.

August began with a median sale price for single-family homes of $290,000 in Sarasota County. This amount shows an increase of 3.3 percent from the $280,750 recorded this same time last year. The average sale price is $386,220, which is up 9 percent from the $354,396 in August 2018.

There were 802 closed sales in July 2019, which shows an increase of 13.9 percent from the 704 closed sales in July 2018. We moved into August with 2,555 active listings in Sarasota County. This number shows a slight drop of 1.9 percent from this time last year.

Manatee County started August with a median sale price for single-family homes of $325,000. This amount shows an increase of 5 percent from the $309,500 recorded this same time last year. The average sale price is $391,049, which is up 2 percent from the $383,398 recorded last year.

There were 611 closed sales in July 2019, which shows a decrease of 1.8 percent from the 622 closed sales in July 2018. We moved into August with 1,877 active listings in Manatee County. This number shows a drop of 8.2 percent from this time last year.

In Sarasota County, the average sale price for condos and townhouses is $307,526. This number shows a decrease of 7.2 percent from the $331,241 recorded this time last year.

The average sale price for condos and townhouses in Manatee County is $216,523. Compared to the $231,836 recorded in July 2018, we’re seeing a decrease of 6.6 percent.

SUGGESTED READING: Manatee County Homes for Sale

New listings in Sarasota County increased 10.9 percent with 763 new properties placed on the market in July 2019. There were 651 new listings to hit the market in Manatee County, which shows an increase of 8.5 percent from this same time last year.

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When it comes to the median percent of original list price received, sellers in Sarasota County are recording 95.5 percent, which is an increase of 0.5 percent from last year at this time. Manatee County is recording 95.9 percent received, which is a drop of 0.1 percent from July 2018.

Sarasota County‘s median time to sale is currently 105 days, with the median time to contract at 58 days. Manatee County is reporting a median time to sale of 99 days and a median time to contract of 53 days.

See Additional Reports on the Sarasota County & Manatee County Real Estate Market

Here are the most recent home listings just added to the database in the average sale price range for Sarasota County. All homes are priced at $386,220 or less.

Here are the most recent home listings just added to the database in the average sale price range for Manatee County. All homes are priced at $391,049 or less.