According to data from Florida Realtors and compiled by the Realtor Association of Sarasota and Manatee (RASM), the month of March 2021 reported more sales, more new listings, and higher prices than the same month in 2020. Closed sales increased year-over-year by 47.2 percent, to a total of 3,310 sales across the two-county market in March. Single-family home sales increased by 37.8 percent to 907 sales in Manatee County, and by 40.2 percent to 1,169 sales in Sarasota County. Sarasota condo sales increased by 62.6 percent to 738 sales, and Manatee condo sales increased by 63.7 percent to 496 sales.
Single-family and condo prices also increased year-over-year. In Manatee County, the median price for single-family homes continues to surpass the previous months, with a reported price of $395,000 in March, a 23.6 percent increase from last year. Manatee County condos reported a median sales price of $245,000, a 14 percent year-over-year increase. In Sarasota County, the median price for single-family homes was $379,695 in March, a 20.5 percent increase, and condo prices rose by 18.3 percent to $289,750. The median is the midpoint; half the homes sold for more, half for less. The combined inventory of both property types in the two counties decreased by 75.2 percent from March 2020, and the median time from listing date to contract date decreased across the two counties with a 65.8 percent decrease to 13 days for Sarasota single-family homes and a 79.5 percent decrease to 9 days for Manatee single-family homes. The median time to contract for condos decreased by 56.3 percent to 21 days in Sarasota and decreased by 55.8 percent to 19 days in Manatee. For the full report, click here.