Here’s a look at the Sarasota & Manatee Counties’ Real Estate Market for January 2023. According to statistics from the REALTOR® Association of Sarasota and Manatee, both counties are showing a decrease in the average sale price of homes when compared to last month. Read more about this month’s real estate market trends.
📈 A Look at Sarasota County Housing Stats
January 2023 began with a median sale price for single-family homes of $505,500 in Sarasota County. This amount shows an increase of 16 percent from the $435,788 recorded at this same time last year. The average sale price is $672,688, which is up 9.9 percent from the $611,828 in January 2022. We are seeing a slight increase from last month’s $672,234.
There were 486 closed sales in December 2022, which shows a decrease of 41.9 percent from the 837 closed sales in December 2021. We moved into January with 1,682 active listings in Sarasota County. This number shows a rise of 196.1 percent from this time last year.
📊 A Look at Manatee County Housing Stats
Manatee County started in January 2023 with a median sale price for single-family homes of $507,000. This amount shows an increase of 10.2 percent from the $460,000 recorded at this same time last year. The average sale price is $610,237, which is down 0.6 percent from the $614,066 recorded last year. This month’s average price is down from last month’s $636,674.
There were 537 closed sales in December 2022, which shows a decrease of 29.7 percent from the 764 closed sales in December 2021. We moved into January with 1,755 active listings in Manatee County. This number shows an increase of 284.9 percent from this time last year.
🏠 Condo and Townhouse Details
In Sarasota County, the average sale price for condos and townhouses is $570,185. This number shows an increase of 5.6 percent from the $539,738 recorded this time last year.
The average sale price for condos and townhouses in Manatee County is $364,057. Compared to the $377,763 recorded in January 2023, we’re seeing a decrease of 3.6 percent.
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💲 What does this mean for home buyers?
New listings in Sarasota County decreased by 5.7 percent with 594 new properties placed on the market in December 2022. There were 527 new listings to hit the market in Manatee County, which shows a drop of 8.2 percent from last year.
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The number of cash sales in Sarasota County last month was 221, which is down 38.1 percent from last year’s 357. The number of cash sales in Manatee County was 181, which is 29 percent lower 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 96.4 percent, which shows a decrease of 3.6 percent from last year’s 100%. Manatee County is recording 96 percent received, which shows a decrease of 4 percent from January 2022.
Sarasota County‘s median time to sale is currently 61 days, with the median time to contract at 23 days. Manatee County is reporting a median time to sale of 81 days and a median time to contract of 27 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 $672,688 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 $610,237 or less.