In the Sarasota-Manatee housing market, February offered less a single verdict than a split view of which parts of the market still have momentum, according to the latest monthly data published by the Realtor Association of Sarasota and Manatee.
In Sarasota County, single-family home sales rose 6.1 percent year over year, to 625, but the median sale price fell 5 percent, to $475,000. Sellers received 93.8 percent of their original list price, down from 94.5 percent a year earlier, and the county ended the month with 3,420 active listings—or a balanced five-month supply of inventory.
In Manatee County, meanwhile, the single-family market moved the other way: closed sales rose 10 percent, to 550; the median sale price climbed 2.9 percent, to $489,634; sellers received 94.2 percent of original list price, down 1.5 percent year over year; and inventory stood at 3,031 homes, or a 4.8-month supply…