Hereโ€™s a look at the Sarasota & Manatee Countiesโ€™ Real Estate Market for December 2019. According to statistics from the REALTORยฎ Association of Sarasota and Manatee, the number of active homes listed for sale increased this month in both counties. Read more about this monthโ€™s real estate market trends.

๐Ÿ“ˆ A Look at Sarasota County Housing Stats

December began with a median sale price for single-family homes of $280,000 in Sarasota County. This amount shows a decrease of 6.7 percent from the $300,000 recorded this same time last year. The average sale price is $389,121, which is up 0.5 percent from the $387,268 in December 2018.

Sarasota County Real Estate Market Report Concept

There were 707 closed sales in November 2019, which shows a substantial increase of 23.6 percent from the 572 closed sales in November 2018. We moved into December with 2,813 active listings in Sarasota County. This number shows a drop of 10.2 percent from this time last year.

Thereโ€™s a 3.9 months supply of available homes in Sarasota County. Last year at this time there was a 4.7 month supply. For the market to be considered balanced, there needs to be a supply of 5.5 months of inventory.

๐Ÿ“Š A Look at Manatee County Housing Stats

Manatee County started December with a median sale price for single-family homes of $319,995. This amount shows an increase of 2.1 percent from the $313,496 recorded this same time last year. The average sale price is $388,513, which is up 2.2 percent from the $379,982 recorded last year.

Real estate market report - hands holding model house

There were 550 closed sales in November 2019, which shows an increase of 10.9 percent from the 496 closed sales in November 2018. We moved into December with 2,007 active listings in Manatee County. This number shows a drop of 10 percent from this time last year.

Thereโ€™s a 3.5 months supply of available homes in Manatee County. This number is down 14.6 percent from last year’s 4.1 months supply.

๐Ÿ  Condo and Townhouse Details

In Sarasota County, the average sale price for condos and townhouses is $392,575. This number shows an increase of 12.7 percent from the $348,220 recorded this time last year.

Sarasota County and Manatee County Condos

The average sale price for condos and townhouses in Manatee County is $255,855. Compared to the $225,619 recorded in December 2018, weโ€™re seeing an increase of 13.4 percent.

SUGGESTED READING: Manatee County Homes for Sale
Sarasota County reports 413 new listings, which is a decrease of 18.7 percent from last yearโ€™s 508 new listings. Manatee County recorded 239 new listings, which is a 21.4 percent drop in year-over-year numbers.

๐Ÿ“ฑ Contact Brock Realty Inc.

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๐Ÿ’ฒ What does this mean for home buyers?

New listings in Sarasota County increased by 5.6 percent with 765 new properties placed on the market in November 2019. There were 679 new listings to hit the market in Manatee County, which shows an increase of 0.4 percent from this same time last year.

The number of cash sales in Sarasota County last month was 267, which is a 34.8 percent increase from last year. The number of cash sales in Manatee County was 143, which is 3.6 percent higher than this month last year.

๐Ÿ’ต What does this mean for home sellers?

When it comes to the median percent of original list price received, sellers in Sarasota County are recording 95.8 percent, which is a slight increase of 0.1 percent from last year at this time. Manatee County is recording 96 percent received, which is an increase of 0.6 percent from December 2018.

Sarasota Countyโ€˜s median time to sale is currently 80 days, with the median time to contract at 37 days. Manatee County is reporting a median time to sale of 86 days and a median time to contract of 43 days.

A free home valuation report can help build the foundation of knowledge you need to set your asking price so that it gets the attention of potential buyers. Setting the price too high can mean your home sits on the market without an offer, which can waste your time and money.

๐Ÿ˜๏ธ Sarasota County Homes for Sale

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 $389,121 or less.

๐Ÿ˜๏ธ Manatee County Homes for Sale

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 $388,513 or less.

Summary
Sarasota & Manatee Counties Real Estate Market Report - December 2019
Article Name
Sarasota & Manatee Counties Real Estate Market Report - December 2019
Description
The average sale price for homes in Sarasota County is $389,121. Manatee County's average sale price is $388,513. See more real estate market stats here!
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Brock Realty Inc
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