April Sarasota Real Estate Market Trends – Single-Family Homes

🏡 Single-Family Homes – April 2025 Market Snapshot

• • Closed Sales: 817 (▲ 0.7% YoY)

  • Pending Sales: 747 (▼ 4.1% YoY)

  • New Listings: 1,124 (▲ 13.4% YoY)

  • Inventory: 4,448 homes (▲ 34.6% YoY)

  • Median Sales Price: $470,000 (▼ from $545,000 YoY)

  • Median Days on Market: 43 days (▲ 7.5% YoY)

  • Months’ Supply: 7.0 months (↑ from 5.1 months YoY)

  What’s the takeaway?

  The inventory of single-family homes continues to rise, with modest month-over-month increases. At 7 months of supply, Sarasota is in a clear Buyer’s Market. Sellers are facing more competition, and pricing strategically is essential. However, motivated buyers are active — especially those looking for long-term investments or lifestyle properties.

April Sarasota Real Estate Market Trends– Condos and Townhomes

🏙️ Condos and Townhomes – April 2025 Market Snapshot

• Closed Sales: 375 (▼ 13% YoY)

• Pending Sales: 302 (▼ 20.1% YoY)

• New Listings: 499 (▲ 0.6% YoY)

• Inventory: 2,654 condos (▲ 25% YoY)

• Median Days to Contract: 61 days (▲ from 48 days YoY)

• Months’ Supply: 9.6 months (↑ 43.3% YoY)

• Cash Sales: 66.9% of transactions (▼ from 68.5% in March)

Key insights:

Condo inventory dipped slightly from March but remains elevated. Ultimately, with nearly 10 months of supply, the condo market offers excellent opportunities for buyers. Sellers need to be patient — or flexible. Cash offers still dominate the condo space, making them more attractive in competitive situations.