April 2025 Real Estate Market Snapshot: Signs of Stabilization in Sarasota and Manatee
The April 2025 market data is in, and there’s a noticeable shift happening in the Sarasota and Manatee County real estate landscape. While we continue to see year-over-year price declines, the overall pace of inventory growth is beginning to slow—a potential indicator that the market is starting to level out.
Single-Family Homes: A Market in Transition
In Sarasota County, single-family home sales held steady with 817 closed sales, a slight increase from last year. The median sale price declined 13% year-over-year to $470,000, though it ticked up slightly from March. Inventory remains high at over 4,400 active listings, translating to a 7-month supply. Nearly half of these transactions (46.1%) were all-cash—an important note for both buyers and sellers navigating negotiations.
Manatee County saw a small dip in sales, with 672 homes sold and a 12.5% drop in median price to $464,000. Inventory has risen here too, now at a 5.2-month supply, and the time to contract has slightly increased. These conditions are giving buyers more time and options, and prompting sellers to be more competitive with pricing and presentation.
Condos and Townhomes: Price Softening Continues
Sarasota’s condo and townhome market experienced a 13% dip in sales and a nearly 15% drop in median price, now at $339,500. The good news for sellers: inventory declined for the first time since last fall. For buyers, the 9.6-month supply means continued leverage and room to negotiate.
In Manatee, condo and townhome sales were down just 1.1%, but the median sale price dropped nearly 15% to $300,220. Inventory held steady at 1,817 active listings—about an 8.2-month supply. With roughly half of all sales being cash transactions, sellers should ensure their properties stand out in both value and condition.
What This Means for You
We’re seeing signs of a healthier, more balanced market: more options for buyers, and a nudge for sellers to be strategic. Price corrections from the highs of the past few years were expected, but steady sales activity and leveling inventory suggest that our local market isn’t headed for a downturn—just a much-needed realignment.
Whether you're thinking of buying, selling, or just curious about your home’s value, now is the time to connect with me as I understand the nuances of this shifting market. A thoughtful approach and local insight are key to making smart, confident moves.
Have questions or need help interpreting what this means for your property goals? I’m always happy to chat.