Real Estate Market Trends – Single-Family Homes

Sarasota Single-Family Home Market – July 2025

The single-family housing market remained steady, with both closed sales and home prices holding strong compared to last year.

• Closed Sales: 723 (▲ 12.6% YoY)

• Median Sale Price: $470,000 (no change YoY)

• Average Sale Price: $684,858 (▲ 0.9% YoY)

• Dollar Volume: $495.2 million (▲ 13.6% YoY)

• Median Time to Contract: 63 days (▲ 21.2% YoY)

• Median Time to Sale: 105 days (▲ 11.7% YoY)

• New Pending Sales: 679 (▲ 11.1% YoY)

• New Listings: 720 (▼ 9.9% YoY)

• Pending Inventory: 833 (▲ 3.5% YoY)

• Inventory (Active Listings): 3,574 (▲ 16.5% YoY)

• Months’ Supply of Inventory: 5.6 months (▲ 16.7% YoY)

📌 Key Insight: Single-family home sales surged nearly 13% year-over-year, while prices held steady. With inventory climbing 16.5%, buyers now have more choices, though sellers are still benefiting from a healthy demand for Sarasota homes.

Real Estate Market Trends– Condos and Townhomes

Sarasota Condo & Townhouse Market – July 2025

The condo and townhouse market painted a different picture, with closed sales and prices dropping significantly compared to last July.

• Closed Sales: 239 (▼ 16.1% YoY)

• Median Sale Price: $300,000 (▼ 17.8% YoY)

• Average Sale Price: $375,203 (▼ 30.2% YoY)

• Dollar Volume: $89.7 million (▼ 41.5% YoY)

• Median Time to Contract: 72 days (▲ 7.5% YoY)

• Median Time to Sale: 113 days (▼ 5.8% YoY)

• New Pending Sales: 220 (▼ 3.9% YoY)

• New Listings: 300 (▼ 15.3% YoY)

• Pending Inventory: 458 (▼ 8.4% YoY)

• Inventory (Active Listings): 2,000 (▲ 12.5% YoY)

• Months’ Supply of Inventory: 7.5 months (▲ 31.6% YoY)

📌 Key Insight: Condos and townhomes saw double-digit declines in both sales and prices. With inventory up and months’ supply rising to 7.5 months, Sarasota’s condo market is leaning more in favor of buyers.