August Sarasota Real Estate Market Trends – Single-Family Homes

🏠 Sarasota County Single-Family Homes – August 2025

• Closed Sales: 641 vs. 633 in August 2024 — ↑ 1.3%

• Paid in Cash: 233 vs. 229 — ↑ 1.7%

• Median Sale Price: $475,000 vs. $475,000 — 0.0% (flat)

• Average Sale Price: $683,604 vs. $657,050 — ↑ 4.0%

• Dollar Volume: $438.2 million vs. $415.9 million — ↑ 5.4%

• Median % of Original List Price Received: 92.3% vs. 93.7% — ↓ 1.5%

• Median Time to Contract: 69 days vs. 45 days — ↑ 53.3%

• Median Time to Sale: 109 days vs. 89 days — ↑ 22.5%

• New Pending Sales: 658 vs. 575 — ↑ 14.4%

• New Listings: 736 vs. 739 — ↓ 0.4%

• Pending Inventory: 849 vs. 747 — ↑ 13.7%

• Inventory (Active Listings): 3,307 vs. 2,907 — ↑ 13.8%

• Months Supply of Inventory: 5.2 months vs. 4.6 months — ↑ 13.0%

📌 Insights

The single-family home market in Sarasota County is showing stable pricing, with the median sale price holding steady year-over-year at $475,000. However, homes are taking significantly longer to go under contract (up 53.3% to 69 days), indicating that buyers have more time and leverage in negotiations. Inventory continues to grow (up nearly 14%), giving buyers more choices. Still, with pending sales up 14.4%, demand is far from fading — the market is simply adjusting toward balance.

August Sarasota Real Estate Market Trends– Condos and Townhomes

🏢 Sarasota County Condos & Townhouses – August 2025

• Closed Sales: 247 vs. 217 in August 2024 — ↑ 13.8%

• Paid in Cash: 153 vs. 127 — ↑ 20.5%

• Median Sale Price: $300,000 vs. $345,000 — ↓ 13.0%

• Average Sale Price: $421,681 vs. $481,706 — ↓ 12.5%

• Dollar Volume: $104.2 million vs. $104.5 million — ↓ 0.4%

• Median % of Original List Price Received: 88.5% vs. 91.6% — ↓ 3.4%

• Median Time to Contract: 87 days vs. 72 days — ↑ 20.8%

• Median Time to Sale: 132 days vs. 117 days — ↑ 12.8%

• New Pending Sales: 261 vs. 183 — ↑ 42.6%

• New Listings: 335 vs. 297 — ↑ 12.8%

• Pending Inventory: 472 vs. 469 — ↑ 0.6%

• Inventory (Active Listings): 1,882 vs. 1,672 — ↑ 12.6%

• Months Supply of Inventory: 7.0 months vs. 5.5 months — ↑ 27.3%

📌 Insights

The condo and townhouse market in Sarasota County saw a double-digit increase in sales activity, with closed sales up 13.8% and pending sales up a striking 42.6%. However, prices have adjusted downward, with the median sale price falling 13% compared to last year. Cash remains king, with over 60% of condo sales paid in cash — a strong indicator of investor and second-home buyer interest. With inventory up 12.6% and months of supply climbing to 7.0 months, buyers now have more selection and negotiating power than they’ve had in years.