Last month, I noted that Sarasota County’s single-family home prices appear to be stabilizing as mortgage rates trend down—possibly reaching 5.75% within six months. The condo market, however, continues to soften. Condo Market Snapshot Metric July–Sept 2024 July–Sept 2025 Change Median Sold Price $328,000 $258,000 ↓ 21.3% Avg. Price per Sq. Ft. $423 $354 ↓ … Continue reading New Florida Condo Law: A Win for Sellers, Buyers, and Owners

Spring 2024 marked a turning point for Sarasota County’s existing single-family market. After three years of double-digit appreciation, rising insurance costs and property taxes eroded the area’s price advantage. Combined with mortgage rates averaging 6.75% (and topping 7% at times), homes stayed on the market longer and prices fell roughly 15%. Spring 2024 (Mar–Apr) Summer … Continue reading Sarasota County Market Reset: Signs of a Floor Emerging

The Sarasota housing market continues to evolve—and one of the biggest shifts in recent years is the growing share of new construction homes compared to traditional resales.THE NUMBERS TELL THE STORYOver the past five years, Sarasota County has seen a steady rise in the share of new homes:• In 2020, new single-family permits equaled about 30% of all … Continue reading SARASOTA MARKET UPDATE:HOW NEW CONSTRUCTION SHAPES TODAY’S RESALE MARKET

Published July 17, 2025 Last month, I shared that the Sarasota County resale housing market continues to show signs of softening. Median sold prices have declined approximately 13% year-over-year, though the degree varies by community. Based on both market data and my firsthand experience as a high-producing REALTOR®, I noted a widening disconnect: sellers often … Continue reading Active Listings Point the Way Forward

In Sarasota County, the resale market for single-family homes continues to show signs of softening. A balanced housing market typically has about four months of inventory; currently, we stand at 5.2 months—favoring buyers. Home prices have declined approximately 13% year-over-year. Many sellers still have inflated expectations of their home’s value, which has led to an … Continue reading What today’s Sarasota market means for your next move

Published May 2, 2025 Now more than ever, the integrity, track record, and business acumen of the REALTOR® you choose can make or break your sale. As of Thursday, May 1st at 9:30 AM, here’s what happened in Venice in just the last 24 hours: 21 new listings 25 homes went under contract 41 homes … Continue reading Who you hire makes all the difference.

Sarasota County: April 24. 2025 Material stats for home sales in March, active (unsold) homes in April: Sold Homes. The number of single-family homes sold rose 4.6% from March 2024. Average Sq. Ft. Sold Price. The average square foot sold price dropped 11.5% but has flatlined the past 3 months to $346/sf (Jan$346, Feb $344, … Continue reading Trends, Insights, and Strategic Takeaways

Sarasota County. It is a balanced, healthy real estate market. The days of ravenous price increases are gone. Comparing the fourth quarter of 2024 to 2023: At $500,000, the median sold price for existing single-family homes was the same. The average sold price, per square foot up 1.4%, at $351/sq. ft. Twenty-four percent more homes … Continue reading Nothing affects home prices like mortgage rates.

Where is the housing market going in 2025? Are mortgage rates going up? Will inventory increase? Will prices increase? Will sales increase? The events of Hurricane Helene and Milton crushed October sales. Only 285 existing single-family homes went under contract in October, 26.7% less than September 2024, 31% less year-over-year. Likewise, there were only 312 … Continue reading 2025 Projections & Guidance for Home Buyers & Sellers

Prices have flat lined in Sarasota County. In October, the median sold price of existing single family homes was $436,000. The average for the past 6 months was $428,000. What will it take to increase prices? Lower mortgage rates. Despite the Fed’s recent ¾% cut in the Fed Funds Rate, mortgage rates remain elevated, 6.8% … Continue reading What will it take to increase prices?