Here’s a look at the Sarasota & Manatee Counties’ Real Estate Market for January 2020. According to statistics from the REALTOR® Association of Sarasota and Manatee, the median sale price for homes increased this month in both counties when compared year-over-year. Read more about this month’s real estate market trends.

📈 A Look at Sarasota County Housing Stats

January began with a median sale price for single-family homes of $283,000 in Sarasota County. This amount shows a decrease of 0.7 percent from the $285,000 recorded this same time last year. The average sale price is $383,228, which is down 5.4 percent from the $405,098 in January 2019.

There were 853 closed sales in December 2019, which shows a substantial increase of 61.9 percent from the 527 closed sales in December 2018. We moved into January with 2,790 active listings in Sarasota County. This number shows a drop of 11.4 percent from this time last year.

There’s a 3.7 months supply of available homes in Sarasota County. Last year at this time there was a 4.8 month supply. For the market to be considered balanced, there needs to be a supply of 5.5 months of inventory.

📊 A Look at Manatee County Housing Stats

Manatee County started January with a median sale price for single-family homes of $325,000. This amount shows an increase of 5.2 percent from the $309,000 recorded this same time last year. The average sale price is $420,878, which is up 10.7 percent from the $380,272 recorded last year.

real estate market report concept

There were 628 closed sales in December 2019, which shows an increase of 24.9 percent from the 503 closed sales in December 2018. We moved into January with 1,196 active listings in Manatee County. This number shows a drop of 9.4 percent from this time last year.

There’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.

🏠 Condo and Townhouse Details

In Sarasota County, the average sale price for condos and townhouses is $459,185. This number shows an incredible increase of 47.5 percent from the $311,284 recorded this time last year.

condo real estate market

The average sale price for condos and townhouses in Manatee County is $241,196. Compared to the $236,606 recorded in January 2019, we’re seeing an increase of 1.9 percent.

SUGGESTED READING: Manatee County Homes for Sale
Sarasota County reports 286 new listings, which is a decrease of 19.9 percent from last year’s 357 new listings. Manatee County recorded 202 new listings, which is a 0.5 percent increase in year-over-year numbers.

📱 Contact Brock Realty Inc.

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💲 What does this mean for home buyers?

New listings in Sarasota County increased by 15.6 percent with 754 new properties placed on the market in December 2019. There were 533 new listings to hit the market in Manatee County, which shows an increase of 11.5 percent from this same time last year.

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The number of cash sales in Sarasota County last month was 323, which is 64.8 percent increase from last year. The number of cash sales in Manatee County was 184, which is 42.6 percent higher than this month last year.

💵 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 95.9 percent, which is an increase of 0.3 percent from last year at this time. Manatee County is recording 96.1 percent received, which is an increase of 0.7 percent from January 2019.

Sarasota County‘s median time to sale is currently 75 days, with the median time to contract at 33 days. Manatee County is reporting a median time to sale of 90 days and a median time to contract of 47 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.

🏘️ 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 $383,228 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 $420,878 or less.

Summary
Sarasota & Manatee Counties Real Estate Market Report - January 2020
Article Name
Sarasota & Manatee Counties Real Estate Market Report - January 2020
Description
The average sale price for homes in Sarasota County is $383,228. Manatee County's average sale price is $420,878. See more real estate market stats here!
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Brock Realty Inc
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