Here’s a look at the Sarasota & Manatee Counties’ Real Estate Market for July 2022. According to statistics from the REALTOR® Association of Sarasota and Manatee, both counties are showing an increase in the average sale price of single-family homes when compared year over year. Read more about this month’s real estate market trends.
📈 A Look at Sarasota County Housing Stats
July 2022 began with a median sale price for single-family homes of $500,000 in Sarasota County. This amount shows an increase of 25 percent from the $400,150 recorded at this same time last year. The average sale price is $711913, which is up 18.6 percent from the $600,288 in July 2021.
There were 802 closed sales in June 2022, which shows a decrease of 26.9 percent from the 1,097 closed sales in June 2021. We moved into July with 1,377 active listings in Sarasota County. This number shows a rise of 123.2 percent from this time last year.
📊 A Look at Manatee County Housing Stats
Manatee County started in July 2022 with a median sale price for single-family homes of $550,000. This amount shows an increase of 35.7 percent from the $405,305 recorded at this same time last year. The average sale price is $690,524, which is up 19.8 percent from the $576,522 recorded last year.
There were 645 closed sales in June 2022, which shows a decrease of 22.3 percent from the 830 closed sales in June 2021. We moved into July with 1,205 active listings in Manatee County. This number shows an increase of 159.7 percent from this time last year.
🏠 Condo and Townhouse Details
In Sarasota County, the average sale price for condos and townhouses is $591,494. This number shows an increase of 17.2 percent from the $504,718 recorded this time last year.
The average sale price for condos and townhouses in Manatee County is $441,868. Compared to the $331,691 recorded in July 2021, we’re seeing an increase of 33.2 percent.
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💲 What does this mean for home buyers?
New listings in Sarasota County increased by 19.2 percent with 1,091 new properties placed on the market in June 2022. There were 1,031 new listings to hit the market in Manatee County, which shows a rise of 31.5 percent from last year.
The number of cash sales in Sarasota County last month was 406, which is down 22.7 percent from last year’s 525. The number of cash sales in Manatee County was 252, which is 18.2 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 100 percent, which shows a similar percentage to last year. Manatee County is recording 100 percent received, the same as July 2021.
Sarasota County‘s median time to sale is currently 47 days, with the median time to contract at 7 days. Manatee County is reporting a median time to sale of 48 days and a median time to contract of 6 days.
🏘️ Sarasota County Homes for Sale
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 $711,913 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 $690,524 or less.