Here’s a look at the Sarasota & Manatee Counties’ Real Estate Market for March 2023. According to statistics from the REALTOR® Association of Sarasota and Manatee, both counties continue to show a dramatic increase in active listings when compared year-over-year. Read more about this month’s real estate market trends.
📈 A Look at Sarasota County Housing Stats
March 2023 began with a median sale price for single-family homes of $495,000 in Sarasota County. This amount shows an increase of 10 percent from the $449,900 recorded at this same time last year. The average sale price is $657,973, which is up 4.1 percent from the $632,075 in March 2022. We are seeing a decrease from last month’s $674,468.
There were 520 closed sales in February 2023, which shows a decrease of 24.7 percent from the 691 closed sales in February 2022. We moved into March with 1,793 active listings in Sarasota County. This number shows a rise of 264.4 percent from this time last year.
📊 A Look at Manatee County Housing Stats
Manatee County started in March 2023 with a median sale price for single-family homes of $490,000. This amount shows a decrease of 7.7 percent from the $478,000 recorded at this same time last year. The average sale price is $639,562, which is down 7.7 percent from the $693,229 recorded last year. This month’s average price is up from last month’s $638,055.
There were 503 closed sales in February 2023, which shows a decrease of 10 percent from the 559 closed sales in February 2022. We moved into March with 1,732 active listings in Manatee County. This number shows an increase of 318.4 percent from this time last year.
🏠 Condo and Townhouse Details
In Sarasota County, the average sale price for condos and townhouses is $690,995. This number shows an increase of 25.3 percent from the $551,588 recorded this time last year.
The average sale price for condos and townhouses in Manatee County is $435,748. Compared to the $394,151 recorded in March 2022, we’re seeing an increase of 17.3 percent.
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💲 What does this mean for home buyers?
New listings in Sarasota County increased by 8.1 percent with 852 new properties placed on the market in February 2023. There were 677 new listings to hit the market in Manatee County, which shows a drop of 6.4 percent from last year.
The number of cash sales in Sarasota County last month was 233, which is down 32.7 percent from last year’s 346. The number of cash sales in Manatee County was 174, which is 20.5 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 percent, which shows a decrease of 4 percent from last year’s 100%. Manatee County is recording 95.6 percent received, which shows a decrease of 4.4 percent from March 2022.
Sarasota County‘s median time to sale is currently 63 days, with the median time to contract at 21 days. Manatee County is reporting a median time to sale of 88 days and a median time to contract of 39 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 $657,973 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 $639,562 or less.
