March proved to be a strong month for both counties. The combined closed sales for condos and single family homes increased by 6.2% this year as well as overall median sales price. As we come to a close to season, there is a slight increase to sales with many pending contracts on there way to being sold in March/April. pending sales for Sarasota condos increased by 21.8 percent, while single family homes increased by 7.6 percent. Manatee condos experienced a 6.4 percent decrease. Inventory increased across both counties in March, with single family homes increasing by 13 percent in Sarasota and by 10.5 percent in Manatee. Condo inventory increased by 18 percent in Sarasota and by 4.1 percent in Manatee. Median sales prices also continue to rise in both counties; Sarasota single family homes increased to $262,621, up 7.6 percent from 2016, while Manatee single family increased to $290,000, an increase of 7.4 percent. Condo median sales prices increased by 17.3 percent to $230,000 in Sarasota, and by 9.4 percent to $175,500 in Manatee County.
March 2017 Real Estate Statistics for Sarasota and Manatee County
