Sarasota County Real Estate Market Report
The Sarasota, FL, housing market is constantly changing. Florida Life Team Realty watches the market and reports back here. Having updated data helps buyers and sellers make informed decisions. Please have a look at the updated monthly market update below. Statistics are pulled from MLS + local real estate board. Ready to buy or sell? Contact Sarasota Real Estate broker Chandler South at 941 303 -9575
March 2024 Market Update
Inventory, also referred to as active listings, has more than doubled in both counties when compared to
March of 2023. In Sarasota County, inventory increased year-over-year by 76.6 percent to 3,374 for
single family homes and 100.3 percent to 2,153 for condos.
In March, the months supply of inventory (MSI) for single-family homes increased to 5.3 months in
Sarasota County For townhomes and condos, the MSI increased to
6.8 months in Sarasota County. Florida Realtors® states that the
benchmark for a balanced market (favoring neither buyer nor seller) is 5.5 months of inventory.
The median time to contract in Sarasota County is at 40 days for single-family homes and 51 days for
condos, a year-over-year increase of 60 percent and 183.3 percent respectively
The median sales price for single-family homes in Sarasota County decreased year-over-year by 2.5
percent to $515,000 and decreased by 8.9 percent to $385,775 for townhomes and condos.
In March 2024, cash sales remained high. Sarasota County reported 44.5 percent of single-family home
sales and 70.3 percent of townhome and condo sales were paid for in cash.
There were 1,453 closed sales for single-family homes in Sarasota and Manatee, an 8.2 percent decrease
from the same time last year.
Closed sales for condos decreased by less than one percent to 686 sales.
As the market begins to shift to more competitive levels, these current trends provide opportunities for
buyers but require sellers to be more strategic in their approach.
READY TO UPGRADE?
Sell your current home then buy your DREAM home!
$2,200,000
Single Family Home
1665 CHAPLINE LN, Sarasota, FL 34231
**Stunning Custom-Built Home less than a mile to Siesta Key-Untouched by Helene** <br> <br>Discover luxury living in th...
Listed by COLDWELL BANKER REALTY
$1,490,000
Single Family Home
1833 PANDORA DR, Sarasota, FL 34231
Completely renovated home with screen enclosed pool. Water Access yet NOT in FLOOD ZONE. Open Floor plan with ALL NEW;...
Listed by FINE PROPERTIES
$950,000
Single Family Home
3632 COUNTRY PLACE LN, Sarasota, FL 34233
LOVE THE FIRST IMPRESSION, JUST OPEN THE DOOR!!! You won?t want to leave this stunningly redesigned 4bd,3ba,3 car gar, h...
Listed by MICHAEL SAUNDERS & COMPANY
$1,499,000
Single Family Home
4098 LAS PALMAS WAY, Sarasota, FL 34238
Experience luxury living in this fully renovated 4-bedroom, 3.5-bathroom home, situated on the TPC Prestancia golf cours...
Listed by EXP REALTY LLC
MARKET SNAPSHOT LAST 90 DAYS
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