Hereโ€™s a look at the Sarasota & Manatee Countiesโ€™ Real Estate Market for April 2021. According to statistics from the REALTORยฎ Association of Sarasota and Manatee, both counties are showing dramatic increases in new condominiums being added to the market. Read more about this monthโ€™s real estate market trends.

๐Ÿ“ˆ A Look at Sarasota County Housing Stats

May began with a median sale price for single-family homes of $380,000 in Sarasota County. This amount shows an increase of 21.3 percent from the $313,250 recorded this same time last year. The average sale price is $609,799, which is up 40 percent from the $435,531 in May 2020. We are seeing a slight increase from last month’s $606,126.

Charts real estate market report

There were 1,060 closed sales in April 2021, which shows an increase of 67.7 percent from the 632 closed sales in April 2020. We moved into May with 660 active listings in Sarasota County. This number shows a drop of 73.9 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 3.5 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 in May with a median sale price for single-family homes of $405,000. This amount shows an increase of 19.1 percent from the $340,000 recorded this same time last year. The average sale price is $578,162, which is up 42.2 percent from the $406,699 recorded last year. This month’s average price is up from last month’s $536,981.

There were 847 closed sales in April 2021, which shows an increase of 69.7 percent from the 499 closed sales in April 2020. We moved into May with 444 active listings in Manatee County. This number shows a drop of 76 percent from this time last year.

Thereโ€™s a 0.6 month supply of available homes in Manatee County. This number is down 81.8 percent from last year’s 3.3 month supply.

๐Ÿ  Condo and Townhouse Details

In Sarasota County, the average sale price for condos and townhouses is $627,776. This number shows an increase of 88.5 percent from the $333,107 recorded this time last year.

real estate market report concept - condo

The average sale price for condos and townhouses in Manatee County is $303,121. Compared to the $236,764 recorded in May 2020, weโ€™re seeing an increase of 28 percent.

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Sarasota County reports 531 new listings, which is an increase of 88.3 percent from last yearโ€™s 473 new listings. Manatee County recorded 323 new listings, which is a 99.4 percent increase from last year’s 162 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 85.5 percent with 1,020 new properties placed on the market in April 2021. There were 797 new listings to hit the market in Manatee County, which shows an increase of 74.4 percent from this same time last year.

Suggested Reading: Should I Buy a Home During the Coronavirus Pandemic?

Woman looking at online listings

The number of cash sales in Sarasota County last month was 450, which is up 126.1 percent from last year’s 199. The number of cash sales in Manatee County was 320, which is 166.7 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 3.6 percent from last year at this time. Manatee County is recording 100 percent received, which is an increase of 2.9 percent from May 2020.

real estate market report concept buy house

Sarasota Countyโ€˜s median time to sale is currently 54 days, with the median time to contract at 8 days. Manatee County is reporting a median time to sale of 52 days and a median time to contract of 7 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 $609,799 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 $578,162 or less.

Summary
Sarasota & Manatee Counties Real Estate Market Report - May 2021
Article Name
Sarasota & Manatee Counties Real Estate Market Report - May 2021
Description
The average sale price for homes in Sarasota County is $609,799. Manatee County's average sale price is $578,162.
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Brock Realty Inc
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