The REALTOR® Association of Sarasota and Manatee (RASM) has released its February 2025 real estate market report, highlighting key trends shaping the local housing landscape. Data from Florida REALTORS® shows that Sarasota and Manatee counties are transitioning toward a more balanced—buyer-friendly—market.
Sales activity slowed compared to last year, while inventory levels rose, providing buyers with more choices. Home prices showed signs of softening, with median and average sale prices declining across most segments. While cash sales remain a substantial portion of the market, they are gradually decreasing, signaling shifts in buyer financing strategies. Additionally, homes are taking longer to sell, reflecting evolving buyer demand and seller expectations.
Single-Family Homes
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Sarasota County:
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589 sales (+2.1% YoY)
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Median sale price: $499,990 (-1.5%)
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43.8% of transactions were cash sales
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Inventory rose 28.6% to 4,292 active listings (6.8 months’ supply)
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Median time to contract: 46 days | Median time to sale: 86 days
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Manatee County:
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500 sales (-8.6% YoY)
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Median sale price: $475,995 (-4.8%)
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Inventory: 3,097 active listings (4.9 months’ supply)
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Median time to contract: 46 days (-19.3%) | Median time to sale: 95 days (-6.9%)
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Townhomes & Condos
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Sarasota County:
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237 sales (-12.2% YoY)
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Median sale price: $342,000 (-12.3%)
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71.7% of transactions were cash sales
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Inventory surged to 2,618 active listings (9.1 months’ supply)
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Median time to contract: 44 days (+4.8%) | Median time to sale: 85 days (+3.7%)
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Manatee County:
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251 sales (+28.1% YoY)
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Median sale price: $319,990 (-8.4%)
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48.2% of transactions were cash sales
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Inventory: 1,828 active listings (8.3 months’ supply)
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Median time to contract: 51 days (steady YoY) | Median time to sale: 88 days (-5.4%)
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February's Key Market Trends:
📉 Declining Sale Prices – Sarasota County townhomes and condos saw the largest price drops.
🏡 Rising Inventory & Supply – Increased housing supply is shifting the market toward buyers.
⏳ Longer Time on Market – Properties are taking more time to sell, except for Manatee County’s single-family homes, which maintained a steady pace.
What This Means for Buyers & Sellers
With increasing inventory and moderating prices, Buyers have more negotiating power and greater selection. Sellers must adjust their pricing strategies and ensure their properties stand out in a more competitive landscape.
#SarasotaMarketTrend #BradentonMarketTrend #LakewoodRanchMarketTrend #MaryAnnFentonRealtor #BrightRealty
* Based on information and monthly reports provided by Florida Realtors® with data compiled from Stellar MLS by RASM
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