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Sarasota County Real Estate Update – May 2025
Buyers Still in the Driver’s Seat as Inventory Grows
The Sarasota County real estate market continued its buyer-friendly trend in May 2025, with rising inventory, longer time on market, and softening prices across both single-family homes and condo/townhome segments. While overall closed sales declined from April, an uptick in new listings and months of supply means buyers now have more options — and more negotiating power — than they’ve had in years. Overall, 1,130 properties sold, totaling more than $680 million in the Sarasota-North Port-Bradenton region.
🌴 High Demand for Sarasota’s Luxury Waterfront Homes Continues
Sarasota’s luxury real estate market continues to demonstrate strong demand, particularly for high-end waterfront properties. In May 2025, 139 homes sold for $1 million or more, reflecting only a slight seasonal dip from April’s 141 sales. The top sale of the month was an extraordinary single-family estate in the exclusive Longboat Key Club, which closed at $10.25 million.
Notably, 80% of the top 10 highest-priced homes sold were Gulf-front or Bayfront properties, ranging from $3.3 million to $10.25 million. This ongoing trend highlights buyer confidence in Sarasota’s luxury coastal real estate and reinforces the appeal of waterfront living on Florida’s Southwest Gulf Coast.
Now, let’s break down the latest trends for both property types.
May Sarasota Real Estate Market Trends – Single-Family Homes
🏡 Single-Family Homes – May 2025 Market Snapshot
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Closed Sales: 788 (▼ 7.3% YoY)
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Pending Sales: 725 (▲ 4.0% YoY)
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New Listings: 850 (▼ 7.6% YoY)
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Inventory (Active Listings): 4,144 (▲ 27.9% YoY)
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Median Sale Price: $465,000 (▼ 12.3% YoY)
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Average Sale Price: $651,439 (▼ 12.4% YoY)
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Median Time to Contract: 51 Days (▲ 18.6% YoY)
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Months’ Supply of Inventory: 6.6 months (↑ 32% YoY)
📌 Takeaway:
Sarasota’s single-family home market is clearly shifting in favor of buyers. With over 4,100 active listings and 6.6 months of supply, we are firmly in a buyer’s market. While the number of new listings on the market decreased compared to April, the increase in pending sales indicates that well-priced, move-in-ready homes continue to attract strong interest. Sellers should expect more days on market and prepare to price competitively.
May Sarasota Real Estate Market Trends– Condos and Townhomes
🏙️ Condos and Townhomes – May 2025 Market Snapshot
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Closed Sales: 342 (▼ 19.1% YoY)
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Pending Sales: 302 (▲ 6.3% YoY)
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New Listings: 414 (▲ 4.3% YoY)
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Inventory (Active Listings): 2,477 (▲ 23.2% YoY)
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Median Sale Price: $321,020 (▼ 12.8% YoY)
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Average Sale Price: $488,795 (▼ 10.5% YoY)
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Median Time to Contract: 59 Days (▼ slightly from 61 Days YoY)
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Months’ Supply of Inventory: 9.2 months (↑ 46.0% YoY)
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Cash Sales: 207 (▼ 23.3% YoY)
🌞 Florida’s Magnetism Remains Strong
Despite these local shifts, Florida remains one of the most desirable places to live, retire, and invest.
Furthermore, Sarasota remains at the top of the list thanks to its award-winning beaches, dynamic arts and dining scene, top-tier healthcare, and year-round sunshine.
As reported earlier this year, Florida welcomed over 143 million visitors in 2024 and 41.2 million in Q1 2025 alone. Ultimately, many of these visitors are choosing to make the Sunshine State home.
✅ Bottom Line: Buyers Have More Choices — But the Best Homes Still Move Fast
With more than 7,100 active listings in Sarasota County, buyers have the upper hand — for now. While some sellers are adjusting to longer timeframes and price reductions, others who are properly positioned continue to see strong buyer activity.
If you’re considering a purchase, this is your opportunity to explore the market with less pressure and more room to negotiate. Whether you’re eyeing a golf course villa, luxury waterfront property, or a maintenance-free condo, now is the time to act.
If you’re planning to sell, pricing strategy, presentation, and local market expertise are critical to standing out. I can help you navigate this market successfully.
🏗️ New Construction Expands Buyer Opportunities in Sarasota
Sarasota’s growing inventory is being fueled, in part, by a wave of new construction communities popping up across the region. As builders work to meet demand, the increased competition has led many to roll out enticing incentives — from design upgrades to closing cost assistance — making now a great time to explore new construction options.
If you’re considering buying a brand-new home, it’s essential to have an experienced advocate by your side. Our team is here to help you navigate every step of the process, ensuring your interests are protected and that you’re getting the best value possible — especially when negotiating with builders.
Thinking about new construction? Let’s talk about what to look for before you sign.
Sarasota Real Estate Market Reports
2025 May Sarasota County Real Estate Market Stats – Single Family Homes
2025 May Sarasota County Real Estate Market Stats – Condos
New Listings in Southwest Florida Golf Communities
Naples Golf Guy Monthly Market Report – NEW!
💬 Ready to make your move in Sarasota?
Let’s talk about your goals and how we can make the most of today’s market — whether you’re buying or selling.
👉 Start your property search | 📞 Schedule your personalized market consultation – 239.370.0892
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
