"The current trends show the market is finding its footing after the pandemic-driven surge,” said Tony Barrett, 2024 RASM President and Broker/Owner of Barrett Realty. “We're seeing a return to more balanced conditions, similar to what we experienced before 2020, where buyers and sellers had equal opportunities to navigate the market successfully."
In Sarasota County, there were 439 single-family home sales in November 2024, an 18.9 percent decrease from the previous year. The median sale price remained stable at $490,000 compared to last month but decreased 2 percent year-over-year. The average sale price increased 7.3 percent to $708,439, reflecting continued strength in the luxury market.
The housing market in the Sarasota area is shifting toward greater balance, moving away from the pandemic's rapid pace. While fewer sales and longer selling times may seem concerning, these trends reflect a return to pre-2020 norms, with slower price growth and less competition. Buyers now enjoy more options and reduced pressure, while sellers can still secure strong deals. This cooling market signals a healthier, more stable environment that benefits both buyers and sellers.
November Real Estate Market Report: Trends in Sarasota and Manatee Counties
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