Hereโ€™s a look at the Sarasota & Manatee Countiesโ€™ Real Estate Market for September 2022. According to statistics from the REALTORยฎ Association of Sarasota and Manatee, both counties are showing a decrease in the average sale price of single-family homes when compared to last month. Read more about this monthโ€™s real estate market trends.

๐Ÿ“ˆ A Look at Sarasota County Housing Stats

September 2022 began with a median sale price for single-family homes of $475,250 in Sarasota County. This amount shows an increase of 21.8 percent from the $390,093 recorded at this same time last year. The average sale price is $675,808, which is up 21.7 percent from the $555,508 in September 2021. We are seeing a decrease from last month’s $717,398.

real estate market report 1

There were 678 closed sales in August 2022, which shows a decrease of 16.8 percent from the 815 closed sales in August 2021. We moved into September with 1,557 active listings in Sarasota County. This number shows a rise of 107.2 percent from this time last year.

Thereโ€™s a 2-month supply of available homes in Sarasota County. Last year at this time there was a 0.8-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 September 2022 with a median sale price for single-family homes of $525,000. This amount shows an increase of 22.1 percent from the $430,000 recorded at this same time last year. The average sale price is $655,261, which is up 13 percent from the $579,647 recorded last year. This month’s average price is down from last month’s $689,490.

There were 576 closed sales in August 2022, which shows a decrease of 17 percent from the 694 closed sales in August 2021. We moved into September with 1,642 active listings in Manatee County. This number shows an increase of 191.1 percent from this time last year.

Thereโ€™s a 2.5-month supply of available homes in Manatee County. This number is up 212.5 percent from last year’s 0.8-month supply.

๐Ÿ  Condo and Townhouse Details

In Sarasota County, the average sale price for condos and townhouses is $494,796. This number shows an increase of 7.3 percent from the $461,046 recorded this time last year.

condo may 2022

The average sale price for condos and townhouses in Manatee County is $404,094. Compared to the $302,733 recorded in September 2021, weโ€™re seeing an increase of 33.5 percent.

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Sarasota County reports 333 new listings, which is a decrease of 5.4 percent from last yearโ€™s 352 new listings. Manatee County recorded 481 new listings, which is a 12.8 percent drop from last year’s 281 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 decreased by 7.8 percent with 847 new properties placed on the market in August 2022. There were 708 new listings to hit the market in Manatee County, which shows a drop of 8.4 percent from last year.

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

The number of cash sales in Sarasota County last month was 294, which is down 19.9 percent from last year’s 367. The number of cash sales in Manatee County was 189, which is 24.7 percent lower than this month last year.

๐Ÿ’ต What does this mean for home sellers?

Regarding the median percent of the original list price received, sellers in Sarasota County are recording 97.4 percent, which shows a decrease of 2.6 percent from last year’s 100%. Manatee County is recording 98.6 percent received, which shows a decrease of 1.4 percent from September 2021.

Jan 2022 market report 5

Sarasota Countyโ€˜s median time to sale is currently 56 days, with the median time to contract at 14 days. Manatee County is reporting a median time to sale of 57 days and a median time to contract of 13 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 $675,808 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 $655,261 or less.

Summary
Sarasota & Manatee Counties Real Estate Market Report - September 2022
Article Name
Sarasota & Manatee Counties Real Estate Market Report - September 2022
Description
The average sale price for homes in Sarasota County is $675,808. Manatee County's average sale price is $655,261.
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Brock Realty Inc
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