Here’s a look at the Sarasota & Manatee Counties’ Real Estate Market for December 2023. According to statistics from the REALTOR® Association of Sarasota and Manatee, both counties show an increase in the number of closed sales when compared year-over-year. Read more about this month’s real estate market trends.
📈 A Look at Sarasota County Housing Stats
December 2023 began with a median sale price for single-family homes of $500,000 in Sarasota County. This amount shows an increase of 0.2 percent from the $499,000 recorded at this same time last year. The average sale price is $660,541, which is down 1.7 percent from the $672,234 in December 2022. We are seeing a decrease from last month’s $699,068.
There were 541 closed sales in November 2023, which shows an increase of 31 percent from the 413 closed sales in November 2022. We moved into December with 2,708 active listings in Sarasota County. This number shows a rise of 60.9 percent from this time last year.
📊 A Look at Manatee County Housing Stats
Manatee County started in December 2023 with a median sale price for single-family homes of $485,861. This amount shows a decrease of 4.1 from the $506,655 recorded at this same time last year. The average sale price is $662,237, which is up 4 percent from the $636,674 recorded last year. This month’s average price is up from last month’s $658,503.
There were 550 closed sales in November 2023, which shows an increase of 22.2 percent from the 450 closed sales in November 2022. We moved into December with 2,115 active listings in Manatee County. This number shows an increase of 19.6 percent from this time last year.
🏠 Condo and Townhouse Details
In Sarasota County, the average sale price for condos and townhouses is $845,145. This number shows an increase of 62.1 percent from the $345,000 recorded this time last year.
The average sale price for condos and townhouses in Manatee County is $393,475. Compared to the $391,320 recorded in December 2022, we’re seeing an increase of 0.6 percent.
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💲 What does this mean for home buyers?
New listings in Sarasota County increased by 41.5 percent with 920 new properties placed on the market in November 2023. There were 748 new listings to hit the market in Manatee County, which shows a rise of 25.3 percent from last year.
The number of cash sales in Sarasota County last month was 237, which is 24.7 percent higher than last year’s 190. The number of cash sales in Manatee County was 173, which is 26.3 percent higher than this month last year.
💵 What does this mean for home sellers?
Regarding the median percent of the original list price received, sellers in Sarasota County are recording 95.7 percent, which is 0.2 percent lower than last year at this time. Manatee County is recording 97.9 percent received, which shows an increase of 1.6 percent from November 2022.
Sarasota County‘s median time to sale is currently 65 days, with the median time to contract at 25 days. Manatee County is reporting a median time to sale of 82 days and a median time to contract of 24 days.
🏘️ 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 $660,541 or less.
🏘️ 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 $662,237 or less.
