Realtors See Market Balance As Sales Cool

November saw a distinct slowdown in the real estate market in Sarasota and Manatee counties. The number of sales and median sales price of single-family homes in Sarasota dropped from $500,000 in November 2023 to $490,000 last month in Sarasota County, and from almost $486,000 to $430,000 in Manatee over the same time. Condo and townhome units similar saw a drop in Manatee from nearly $352,000 to under $310,000, while Sarasota saw a dip from almost $548,000 to under $374,000. The North Port-Sarasota-Bradenton market as a whole saw more than 1,091 home sales and 492 condo sales in November last year, but just 1,074 home sales and 399 condo sales in November 2024.

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