Hereโ€™s a look at the Sarasota & Manatee Countiesโ€™ Real Estate Market for June 2020. According to statistics from the REALTORยฎ Association of Sarasota and Manatee, the average price of homes drops in both counties, but the condominium market in Manatee County is improving. Read more about this monthโ€™s real estate market trends.

๐Ÿ“ˆ A Look at Sarasota County Housing Stats

June began with a median sale price for single-family homes of $297,995 in Sarasota County. This amount shows a decrease of 2.4 percent from the $305,305 recorded this same time last year. The average sale price is $392,471, which is down 4.6 percent from the $411,499 in June 2019. We are seeing a decrease from last month’s $435,531.

Charts real estate market report

There were 562 closed sales in May 2020, which shows a decrease of 41.4 percent from the 959 closed sales in May 2019. We moved into June with 2,253 active listings in Sarasota County. This number shows a drop of 25.1 percent from this time last year.

Thereโ€™s a 3.2 months supply of available homes in Sarasota County. Last year at this time there was a 4.5 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 June with a median sale price for single-family homes of $325,000. This amount shows an increase of 1.6 percent from the $319,995 recorded this same time last year. The average sale price is $409,038, which is up 5.2 percent from the $388,672 recorded last year.

There were 445 closed sales in May 2020, which shows a decrease of 38.7 percent from the 726 closed sales in May 2019. We moved into June with 1,635 active listings in Manatee County. This number shows a drop of 20.8 percent from this time last year.

Thereโ€™s a 3 months supply of available homes in Manatee County. This number is down 21.1 percent from last year’s 3.8 months supply.

๐Ÿ  Condo and Townhouse Details

In Sarasota County, the average sale price for condos and townhouses is $311,718. This number shows a decrease of 13.8 percent from the $361,732 recorded this time last year.

The average sale price for condos and townhouses in Manatee County is $261,466. Compared to the $246,381 recorded in June 2019, weโ€™re seeing an increase of 6.1 percent.

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Sarasota County reports 317 new listings, which is a decrease of 15 percent from last yearโ€™s 373 new listings. Manatee County recorded 289 new listings, which is a 7.8 percent rise in year-over-year numbers.

๐Ÿ“ฑ Contact Brock Realty Inc.

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๐Ÿ’ฒ What does this mean for home buyers?

New listings in Sarasota County decreased by 6.6 percent with 761 new properties placed on the market in June 2020. There were 603 new listings to hit the market in Manatee County, which shows a decrease of 11.7 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 174, which is down 48.8 percent from last year’s 340. The number of cash sales in Manatee County was 90, which is 53.8 percent lower 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 96 percent, which is an increase of 1.6 percent from last year at this time. Manatee County is recording 96.8 percent received, which is an increase of 1 percent from June 2019.

Sarasota Countyโ€˜s median time to sale is currently 81 days, with the median time to contract at 32 days. Manatee County is reporting a median time to sale of 84 days and a median time to contract of 39 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 $392,471 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 $409,038 or less.

Summary
Sarasota & Manatee Counties Real Estate Market Report - June 2020
Article Name
Sarasota & Manatee Counties Real Estate Market Report - June 2020
Description
The average sale price for homes in Sarasota County is $392,471. Manatee County's average sale price is $409,038. See more real estate market stats here!
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Brock Realty Inc
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