Real Estate

Median Home Prices Go Up

June Florida Realtors' report shows prices are rising; pending sales down in Sarasota and Manatee.

By staff August 2, 2016



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June's median sale prices rose for condos and single family homes in both counties, according to the trade association Florida Realtors. Single family median sales prices were up 7.8 percent in Sarasota County to $248,000, while Manatee County experienced a 12.4 percent jump to $285,000. The Sarasota County condo median sale price rose 4.3 percent to $219,000, and Manatee County also saw an increase of 11.6 percent in condo sales price over last year, to $173,000. 

June’s single family sales in both counties were higher than any other month this year. However, new pending sales for both condos and single family homes in Sarasota and Manatee are 25 percent lower than last June. Distressed properties, foreclosures and short sales continue to decline. In June, 6.3 percent of closed sales were distressed, compared to the 13.4 percent in June of 2016. Click HERE for more detail.

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