September 2025 Sarasota & Manatee Real Estate Market Report

September 2025 Sarasota & Manatee Real Estate Market Report

The REALTOR® Association of Sarasota and Manatee (RASM) recently released the September 2025 real estate report, showing steady market momentum across both counties. After a slower 2024, more buyers returned to the market, driving year-over-year increases in closed sales for single-family homes and condos. While prices continue to moderate, homes are taking longer to sell, signaling a more balanced environment where buyers have increased leverage.

Single-Family Homes

Sarasota County:

• Sales: 646 (↑25.9% YOY)

• Median Price: $450,000 (↓8.2%)

• Cash Sales: 40.4%

• Months of Inventory: 4.8

• Median Time to Contract: 64 days

• Median Time to Sale: 105 days

Manatee County:

• Sales: 662 (↑24.4% YOY)

• Median Price: $470,000 (flat YOY)

• Cash Sales: 29.9%

• Months of Inventory: 4.2

• Median Time to Contract: 60 days

• Median Time to Sale: 109 days

The data reflects a market shifting toward balance, giving both buyers and sellers more negotiating power. Sellers are receiving slightly lower percentages of their original list price, emphasizing the importance of smart pricing strategies.

Condos & Townhomes

Sarasota County:

• Sales: 230 (↑ YOY)

• Median Price: $315,000 (↓17.1%)

• Cash Sales: 60%

• Months of Inventory: 6.8

• Median Time to Contract: 108 days

• Median Time to Sale: 139 days

Manatee County:

• Sales: 216 (↑31.7% YOY)

• Median Price: $296,500 (↓7.3%)

• Cash Sales: 51.9%

• Months of Inventory: 6.3

• Median Time to Contract: 92 days

• Median Time to Sale: 130 days

The condo and townhome market is showing a clear correction phase. Elevated inventory, longer days on market, and lower sale-to-list price ratios point to increased buyer flexibility and opportunities for negotiation.

Key Takeaways

• More Activity, Balanced Market: Both counties are experiencing higher sales while inventory stabilizes.

• Moderating Prices: Median home prices have decreased slightly, offering improved affordability.

• Buyer Leverage: Longer time on market and lower sale-to-list price ratios give buyers negotiation power.

• Expert Guidance Matters: In a shifting market, working with a knowledgeable REALTOR® is essential for competitive pricing, timing, and successful transactions.

💬 Want a custom market report for your ZIP Code or neighborhood?
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