The REALTOR® Association of Sarasota and Manatee (RASM) released its monthly market report detailing the real estate trends for May 2024. According to the data compiled by Florida Realtors®, the housing market in Sarasota and Manatee counties shows a mixed trend compared to May 2023 with increasing inventories and longer times to contract and sale, indicating […]
Balancing Act: Insights into the 2023 Housing Market of Sarasota and Manatee Counties
The 2023 housing market for Sarasota and Manatee counties are showing signs of stabilization, marked by a return of housing inventory to pre-COVID levels. A crucial metric to assess the housing market’s state is the Months’ Supply of Inventory (MSI). According to Florida REALTORS®, a balanced market (favoring neither buyer nor seller) has an MSI […]
Home Sales and Prices Remain Steady in Sarasota and Manatee
The demand for housing in Sarasota and Manatee counties remains strong despite the higher interest rates and home prices. According to data from Florida REALTORS® and compiled by the REALTOR® Association of Sarasota and Manatee (RASM), November showed a continued rise in the month’s supply of inventory, approaching the levels seen leading up to the […]
Continued Demand and Low Inventory Keeps Home Prices Steady in Sarasota and Manatee
The North Port-Sarasota-Bradenton MSA’s housing market in August showcased more inventory and higher prices than the previous year, as reported by the REALTOR® Association of Sarasota and Manatee (RASM) with data from Florida REALTORS®. Although the region’s sales declined marginally compared to the previous year, Manatee County’s single-family sales bucked that trend with a 6.9 […]
June Home Sales Increase in Sarasota, Bradenton, and North Port
Home sales in Manatee County have increased year-over-year for the second consecutive month in June of 2023. According to data from Florida REALTORS® and compiled by the REALTOR® Association of Sarasota and Manatee (RASM), closed sales are up this month, new listings are down, and home values have stayed higher overall when compared to the […]
Sarasota-Manatee Housing Market Begins to Stabilize, but Remains a Seller’s Market
SARASOTA, Fla. (June 22, 2023) – Despite the persistence of higher home prices and interest rates, buyer demand is still present in the Sarasota and Manatee housing market. According to data from Florida REALTORS® and compiled by the REALTOR® Association of Sarasota and Manatee (RASM), May 2023 showed an ongoing rise in the month’s supply […]
Lakewood Ranch: Unprecedented Buyer Demand
The Lakewood Ranch and Sarasota real estate market is currently facing unprecedented demand and this has driven the inventory of available homes to an extremely low level at less than one month’s supply. To make a comparison, a healthy, normal real estate market would have roughly a six-month supply of homes. This extremely low level […]