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Back to Blog postingsDecember Sarasota Housing Market Trends
The latest December Sarasota housing market trends showed that 860 properties, including those in the North Port, Sarasota, and Bradenton areas, sold for over $660 million in the county. Overall, 7.8 billion worth of residential properties were sold throughout the county last year.
Sarasota’s luxury real estate market remained strong, with 140 properties selling for $1 million or more in November, up from 111 in November. The highest-priced sale was a spectacular new construction condo on Longboat Key on Longboat Key that netted $12,512,637.
Furthermore, one hundred percent of the top 10 sales were waterfront properties. Despite the recent hurricanes, buyers continue to buy waterfront properties along the Southwest coast of Florida.
Finally, Florida was Ranked the Best Place to Retire in 2025 by WalletHub due to its low taxes, such as no estate, inheritance, or income taxes. Other factors included quality medical care and fun activities.
Florida remains a top destination for people to relocate or buy a second home. What more could you ask for with plenty of sunshine, a healthy state economy, and no state income tax? Are you ready to buy a home in the Sunshine State?
December Sarasota Housing Market Trends – Single-Family Homes
December 2024 versus December 2023 Single Family Home Highlights:
- Closed sales increased 16.6 percent, going from 518 transactions up to 604 sales.
- Pending sales increased from 426 last December to 516 this December, a 21.1 percent jump.
- Inventory increased 23.2 percent to 3,404 homes for sale, compared to 2,764 homes for sale last year.
- New listings increased from 667 to 920, a 37.9 percent jump.
- Median days on market increased to 43 days, a 16.2 percent increase, versus December of 2023.
- Available single-family home inventory ended December with a 5.5-month supply of homes for sale, up from a 4.4-month supply a year ago.
Like the last two months, the inventory of single-family homes increased month over month. As expected, now that we are in season inventory increased by 5.7 percent compared to the prior month. There was a net increase of 184 single-family homes for sale from November to December.
Notably, the days on market decreased to 43 from 53 during the previous month. Yet, with a low 5.5-month supply of inventory, sellers remain empowered.
In December, the median sales price rose to $528,700, up from $490,000 the month before. Additionally, it increased year-over-year from $519,000 a year ago up to $528,700 last month.
Bottom line: With a total inventory of single-family homes and condos above 5,391, we now have a 6.3-month supply of properties for sale which is a balanced market. A balanced market is typically between a 6-7-month supply.
December Sarasota Housing Market Trends – Condos and Townhomes
December 2024 versus December 2023 Condo Highlights:
- Condo sales decreased 19.5 percent, from 318 real estate transactions to 256 sales.
- Pending sales decreased 18.3 percent from 252 last December to 206 this December.
- Inventory increased 19.6 percent to 1,987 condos for sale compared to last December when only 1,662 units were for sale.
- New listings increased from 440 to 503, or a 14.3 percent increase.
- Median days to contract was 67 days, up from 23 days last year.
- Available condo inventory ended December with a 6.9-month supply of properties for sale, a 32.7 percent increase.
For the third straight month, month-over-month inventory increased. Ultimately, there was a 7.8 percent increase or net addition of 144 condos for sale compared to November.
Despite the increased inventory, it remains a balanced market with a 6.9-month supply of condos for sale. A balanced market typically consists of a 6 to 7-month supply of homes.
Also, similar to the previous month, the average days on the market were 67 days, just two more days than the previous month. However, they increased significantly from the previous year, when they were just 23 days.
Finally, cash sales accounted for 67.5 percent of transactions, up from the previous month’s 60.2 percent.
Bottom Line
The Sarasota housing market remains a balanced market based on overall inventory levels. Now that we are in season, we expect more inventory to hit the market.
Understanding market shifts is essential to making informed real estate choices. Availability varies widely from one area to another—some neighborhoods have various options, while others are highly limited.
Whether you’re actively looking to buy or staying updated on local market trends, now is a prime time to track properties aligning with your interests.
Whether you are looking to buy or sell a property, our team is dedicated to providing expert guidance. Most importantly, we’ll share the unique market conditions of each neighborhood, ensuring a smooth and successful transaction process.
Which Community is Right for You?
Finding the perfect community to call home can often feel overwhelming. That’s where we come in. Contact us, and our team of experts will help you pinpoint the ideal community that aligns with your lifestyle preferences.
Whether you are in the market to buy or sell, our dedicated real estate specialists focus on the Florida Gulf Coast region, spanning from Sarasota to Naples. If you are contemplating a move to this area, don’t hesitate to contact us for detailed insights and guidance.
New Construction
Several new construction developments in the Sarasota area have contributed to the increase in inventory over the last year.
If you are a buyer, this surge in inventory has led many builders to offer attractive incentives to potential buyers.
If you are contemplating purchasing a new construction property, our team will help you explore your options. We are dedicated to guiding you through the process and ensuring that your best interests are represented when dealing with builders.
Why Should I use a Realtor if I’m buying New Construction?
Sarasota Real Estate Market Reports
2024 December Sarasota Housing Trends – Single Family Homes
2024 December Sarasota Housing Trends – Condos
New Listings in Southwest Florida Golf Communities
Naples Golf Guy Monthy Market Report – NEW!!
Results You Can Count On
The Naples Golf Guy Team will provide extraordinary customer service, emphasizing detail. Professionalism, integrity and discretion are not goals, they are standards. We collaborate with our sellers to design and implement a customized marketing campaign to present your property to the world. If you’re a buyer, we’ll help you find the community to give you the ultimate Florida lifestyle in Paradise.
December Sarasota Housing Market Trends
The latest December Sarasota housing market trends showed that 860 properties, including those in the North Port, Sarasota, and Bradenton areas, sold for over $660 million in the county. Overall, 7.8 billion worth of residential properties were sold throughout the county last year.
Sarasota’s luxury real estate market remained strong, with 140 properties selling for $1 million or more in November, up from 111 in November. The highest-priced sale was a spectacular new construction condo on Longboat Key on Longboat Key that netted $12,512,637.
Furthermore, one hundred percent of the top 10 sales were waterfront properties. Despite the recent hurricanes, buyers continue to buy waterfront properties along the Southwest coast of Florida.
Finally, Florida was Ranked the Best Place to Retire in 2025 by WalletHub due to its low taxes, such as no estate, inheritance, or income taxes. Other factors included quality medical care and fun activities.
Florida remains a top destination for people to relocate or buy a second home. What more could you ask for with plenty of sunshine, a healthy state economy, and no state income tax? Are you ready to buy a home in the Sunshine State?
December Sarasota Housing Market Trends – Single-Family Homes
December 2024 versus December 2023 Single Family Home Highlights:
- Closed sales increased 16.6 percent, going from 518 transactions up to 604 sales.
- Pending sales increased from 426 last December to 516 this December, a 21.1 percent jump.
- Inventory increased 23.2 percent to 3,404 homes for sale, compared to 2,764 homes for sale last year.
- New listings increased from 667 to 920, a 37.9 percent jump.
- Median days on market increased to 43 days, a 16.2 percent increase, versus December of 2023.
- Available single-family home inventory ended December with a 5.5-month supply of homes for sale, up from a 4.4-month supply a year ago.
Like the last two months, the inventory of single-family homes increased month over month. As expected, now that we are in season inventory increased by 5.7 percent compared to the prior month. There was a net increase of 184 single-family homes for sale from November to December.
Notably, the days on market decreased to 43 from 53 during the previous month. Yet, with a low 5.5-month supply of inventory, sellers remain empowered.
In December, the median sales price rose to $528,700, up from $490,000 the month before. Additionally, it increased year-over-year from $519,000 a year ago up to $528,700 last month.
Bottom line: With a total inventory of single-family homes and condos above 5,391, we now have a 6.3-month supply of properties for sale which is a balanced market. A balanced market is typically between a 6-7-month supply.
December Sarasota Housing Market Trends – Condos and Townhomes
December 2024 versus December 2023 Condo Highlights:
- Condo sales decreased 19.5 percent, from 318 real estate transactions to 256 sales.
- Pending sales decreased 18.3 percent from 252 last December to 206 this December.
- Inventory increased 19.6 percent to 1,987 condos for sale compared to last December when only 1,662 units were for sale.
- New listings increased from 440 to 503, or a 14.3 percent increase.
- Median days to contract was 67 days, up from 23 days last year.
- Available condo inventory ended December with a 6.9-month supply of properties for sale, a 32.7 percent increase.
For the third straight month, month-over-month inventory increased. Ultimately, there was a 7.8 percent increase or net addition of 144 condos for sale compared to November.
Despite the increased inventory, it remains a balanced market with a 6.9-month supply of condos for sale. A balanced market typically consists of a 6 to 7-month supply of homes.
Also, similar to the previous month, the average days on the market were 67 days, just two more days than the previous month. However, they increased significantly from the previous year, when they were just 23 days.
Finally, cash sales accounted for 67.5 percent of transactions, up from the previous month’s 60.2 percent.
Bottom Line
The Sarasota housing market remains a balanced market based on overall inventory levels. Now that we are in season, we expect more inventory to hit the market.
Understanding market shifts is essential to making informed real estate choices. Availability varies widely from one area to another—some neighborhoods have various options, while others are highly limited.
Whether you’re actively looking to buy or staying updated on local market trends, now is a prime time to track properties aligning with your interests.
Whether you are looking to buy or sell a property, our team is dedicated to providing expert guidance. Most importantly, we’ll share the unique market conditions of each neighborhood, ensuring a smooth and successful transaction process.
Which Community is Right for You?
Finding the perfect community to call home can often feel overwhelming. That’s where we come in. Contact us, and our team of experts will help you pinpoint the ideal community that aligns with your lifestyle preferences.
Whether you are in the market to buy or sell, our dedicated real estate specialists focus on the Florida Gulf Coast region, spanning from Sarasota to Naples. If you are contemplating a move to this area, don’t hesitate to contact us for detailed insights and guidance.
New Construction
Several new construction developments in the Sarasota area have contributed to the increase in inventory over the last year.
If you are a buyer, this surge in inventory has led many builders to offer attractive incentives to potential buyers.
If you are contemplating purchasing a new construction property, our team will help you explore your options. We are dedicated to guiding you through the process and ensuring that your best interests are represented when dealing with builders.
Why Should I use a Realtor if I’m buying New Construction?
Sarasota Real Estate Market Reports
2024 December Sarasota Housing Trends – Single Family Homes
2024 December Sarasota Housing Trends – Condos
New Listings in Southwest Florida Golf Communities
Naples Golf Guy Monthy Market Report – NEW!!
Results You Can Count On
The Naples Golf Guy Team will provide extraordinary customer service, emphasizing detail. Professionalism, integrity and discretion are not goals, they are standards. We collaborate with our sellers to design and implement a customized marketing campaign to present your property to the world. If you’re a buyer, we’ll help you find the community to give you the ultimate Florida lifestyle in Paradise.
About Naples Golf Guy
For expert guidance in Southwest Florida real estate, contact Naples Golf Guy, Matt Klinowski P.A. Whether you’re looking to buy a single-family home or condo in Naples, Bonita Springs, Estero, Ft. Myers or Sarasota I can help. With over 20 years of experience, I offer valuable market information and insights into individual communities to help you find the perfect home and lifestyle in the best golf community to fit your needs. Reach out to me today to get started!
Contact Matt: Matt@NaplesGolfGuy.com or at 239-370-0892
