This Longboat Key estate was a top sale in 2020.

This Longboat Key estate was a top sale in 2020.

Despite the Covid-19, the Sarasota and Manatee real estate market broke sales records in 2020. According to data from Florida Realtors and the Realtor Association of Sarasota and Manatee (RASM), home sales surpassed 2019’s totals with 10.4 percent more single-family sales and 15.1 percent more condo sales. In terms of inventory, compared to 2019, the month’s supply dropped by nearly 2 months in all markets.

The two counties reported a combined total of 25,031 closed sales in 2020, an 11.8 percent increase from 2019 totals. These sales increased the dollar volume of sales to $10.6 billion (combined for single-family homes and condos in both counties). Single-family home prices rose to a median of $325,000 in Sarasota, a 12.1 percent increase from last year’s reported median of $290,000. In Manatee County, the median sales price for single-family homes for the year reached $345,000, an 8.5 percent rise from the $318,000 price reported in 2019. For a complete report, click here.

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