The Sarasota–Manatee housing market didn’t exactly behave itself this November. Sales climbed in some segments, prices fell in others, and inventory—especially condos—kept piling up, leaving buyers with more room to maneuver and sellers adjusting expectations as the holidays near.
In Sarasota County, single-family home sales rose sharply even as prices declined. Closed sales reached 564, a 28.5 percent increase from November 2024, while the median sale price fell 6.6 percent year over year to $457,495. Homes took a median of 54 days to go under contract, mostly unchanged from a year earlier, and sellers received a median 93.3 percent of their original list price, down from 94.6 percent. Inventory edged up slightly to 3,245 active listings, but months of supply tightened to 4.8 months, compared with 5.2 months last year–not too high or low.
“The prices have gone down, so people are ready to start buying,” says Simone Schaerf of Michael Saunders & Company. “People aren’t just waiting for interest rates to come down. They’re getting on with life.”…