Hereโ€™s a look at the Sarasota & Manatee Countiesโ€™ Real Estate Market for January 2021. According to statistics from the REALTORยฎ Association of Sarasota and Manatee, median home prices show increases in both counties when compared to last year’s numbers. Read more about this monthโ€™s real estate market trends.

๐Ÿ“ˆ A Look at Sarasota County Housing Stats

January began with a median sale price for single-family homes of $350,000 in Sarasota County. This amount shows an increase of 17.8 percent from the $297,000 recorded this same time last year. The average sale price is $525,292, which is up 31 percent from the $401,113 in January 2020. We are seeing a decrease from last month’s $541,339.

Real estate market reports concept Jan 2021

There were 1,038 closed sales in December 2020, which shows an increase of 39.1 percent from the 746 closed sales in December 2019. We moved into January with 1,253 active listings in Sarasota County. This number shows a drop of 50.4 percent from this time last year.

Thereโ€™s a 1.6 month supply of available homes in Sarasota County. Last year at this time there was a 3.5 month supply. For the market to be considered balanced, there needs to be a supply of 6 months of inventory.

๐Ÿ“Š A Look at Manatee County Housing Stats

Manatee County started in January with a median sale price for single-family homes of $357,900. This amount shows an increase of 6.8 percent from the $335,000 recorded this same time last year. The average sale price is $496,984, which is up 14.5 percent from the $434,086 recorded last year. This month’s average price is up from last month’s $463,015.

Real estate market reports concept 2 Jan 2021

There were 831 closed sales in December 2020, which shows an increase of 41.6 percent from the 587 closed sales in December 2019. We moved into January with 929 active listings in Manatee County. This number shows a drop of 50.1 percent from this time last year.

Thereโ€™s a 1.5 month supply of available homes in Manatee County. This number is down 54.5 percent from last year’s 3.3 month supply.

๐Ÿ  Condo and Townhouse Details

In Sarasota County, the average sale price for condos and townhouses is $404,944. This number shows a decrease of 0.7 percent from the $407,699 recorded this time last year.

The average sale price for condos and townhouses in Manatee County is $365,012. Compared to the $239,540 recorded in January 2020, weโ€™re seeing an increase of 52.4 percent.

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Sarasota County reports 387 new listings, which is a rise of 4.9 percent from last yearโ€™s 369 new listings. Manatee County recorded 267 new listings, which is an 8.1 percent increase from last year’s 247 new listings.

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 8.8 percent with 730 new properties placed on the market in December 2020. There were 590 new listings to hit the market in Manatee County, which shows an increase of 20.9 percent from this same time last year.

Suggested Reading: Should I Buy a Home During the Coronavirus Pandemic?

The number of cash sales in Sarasota County last month was 363, which is up 33.9 percent from last year’s 271. The number of cash sales in Manatee County was 232, which is an impressive 44.1 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 98.2 percent, which is an increase of 2.2 percent from last year at this time. Manatee County is recording 98.5 percent received, which is an increase of 2.4 percent from January 2020.

Sarasota Countyโ€˜s median time to sale is currently 64 days, with the median time to contract at 18 days. Manatee County is reporting a median time to sale of 60 days and a median time to contract of 15 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 $525,292 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 $496,984 or less.

Summary
Sarasota & Manatee Counties Real Estate Market Report - December 2020
Article Name
Sarasota & Manatee Counties Real Estate Market Report - December 2020
Description
The average sale price for homes in Sarasota County is $525,292. Manatee County's average sale price is $496,984.
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Publisher Name
Brock Realty Inc
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