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
Active Listings Point the Way Forward
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
What today’s Sarasota market means for your next move
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
Who you hire makes all the difference.
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.
Trends, Insights, and Strategic Takeaways
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
Nothing affects home prices like mortgage rates.
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.
2025 Projections & Guidance for Home Buyers & Sellers
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
What will it take to increase prices?
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?
Home prices in Sarasota County are looking up.
October 28, 2024 The combination of stormy weather (Hurricanes Helene and Milton) and a half percentage point rise in mortgage rates have temporarily stalled new listings and pending sales in Sarasota County. Month over month, new listings of existing single-family homes are down 26%, pending sales (homes under contract) down 36%. The stall will be … Continue reading Home prices in Sarasota County are looking up.
“If I had eight hours to chop down a tree, I’d spend six hours sharpening my ax.” — Abraham Lincoln
In Sarasota County, according to Trendgraphix, selling prices and the number of sold homes have receded, in search of a bottom. In August, the median sold price for existing single-family homes was $469,000. Although up 3.8% from $452,000 in July, it remained down 9.6% from one year ago when it was $519,000. There were 500 … Continue reading “If I had eight hours to chop down a tree, I’d spend six hours sharpening my ax.” — Abraham Lincoln