Hereโ€™s a look at the Sarasota & Manatee Countiesโ€™ Real Estate Market for June 2021. According to statistics from the REALTORยฎ Association of Sarasota and Manatee, both counties are showing dramatic increases in cash sales. 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 $407,000 in Sarasota County. This amount shows an increase of 36.6 percent from the $297,995 recorded this same time last year. The average sale price is $593,764, which is up 51.3 percent from the $392,471 in June 2020. We are seeing a decrease from last month’s $609,799.

market report concept feb 2021 a

There were 985 closed sales in May 2021, which shows an increase of 75.3 percent from the 562 closed sales in May 2020. We moved into June with 620 active listings in Sarasota County. This number shows a drop of 78.1 percent from this time last year.

Thereโ€™s a 0.7 month supply of available homes in Sarasota County. Last year at this time there was a 3.2 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 June with a median sale price for single-family homes of $400,000. This amount shows an increase of 23.1 percent from the $325,000 recorded this same time last year. The average sale price is $567,549, which is up 38.8 percent from the $409,038 recorded last year. This month’s average price is down from last month’s $578,162.

Real estate market reports concept 2 Jan 2021

There were 739 closed sales in May 2021, which shows an increase of 66.1 percent from the 445 closed sales in May 2020. We moved into June with 462 active listings in Manatee County. This number shows a drop of 71.7 percent from this time last year.

Thereโ€™s a 0.6 month supply of available homes in Manatee County. This number is down 80 percent from last year’s 3 month supply.

๐Ÿ  Condo and Townhouse Details

In Sarasota County, the average sale price for condos and townhouses is $582,924. This number shows an increase of 87 percent from the $311,718 recorded this time last year.

The average sale price for condos and townhouses in Manatee County is $312,244. Compared to the $261,466 recorded in June 2020, weโ€™re seeing an increase of 19.4 percent.

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Sarasota County reports 437 new listings, which is an increase of 37.9 percent from last yearโ€™s 317 new listings. Manatee County recorded 304 new listings, which is a 5.2 percent increase from last year’s 289 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 24.4 percent with 947 new properties placed on the market in May 2021. There were 787 new listings to hit the market in Manatee County, which shows an increase of 30.5 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 442, which is up 154 percent from last year’s 174. The number of cash sales in Manatee County was 242, which is 168.9 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 100 percent, which is an increase of 4.2 percent from last year at this time. Manatee County is recording 100 percent received, which is an increase of 3.3 percent from June 2020.

Sarasota Countyโ€˜s median time to sale is currently 50 days, with the median time to contract at 6 days. Manatee County is reporting a median time to sale of 50 days and a median time to contract of 6 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 $593,764 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 $567,549 or less.

Summary
Sarasota & Manatee Counties Real Estate Market Report - June 2021
Article Name
Sarasota & Manatee Counties Real Estate Market Report - June 2021
Description
The average sale price for homes in Sarasota County is $593,764. Manatee County's average sale price is $567,549.
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Brock Realty Inc
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