Sarasota County Housing Market Overview

Sarasota County continues to move toward a more balanced environment. Inventory is higher than last year in most categories, days to contract are longer, and pricing outcomes vary by property type: steady for many single-family homes, softer for condos and townhomes, and slower at the luxury end with more negotiation.

Single-Family Homes – September 2025 Stats

• Closed Sales: 641 (up 1.3% year over year)
• Active Inventory: 3,307 (up 13.8% year over year)
• Months Supply of Inventory: 5.2 months (up from 4.6)
• Median Days to Contract: 69 days (up from 45)
• Median Sale Price: $475,000 (flat year over year)

What it means

Single-family conditions are approaching balance. Homes generally take longer to secure offers compared with last year, but median pricing is holding. Well-presented, accurately priced listings continue to attract solid interest.

Condos and Townhomes – Market Trends

• Closed Sales: 247 (up 13.8% year over year)
• Active Inventory: 1,882 (up 12.6% year over year)
• Months Supply of Inventory: 7.0 months (up from 5.5)
• Median Days to Contract: 87 days (up from 72)
• Median Sale Price: $300,000 (down from $345,000; -13%)

What it means

The condo and townhome segment leans more toward a buyer’s market. Increased supply, longer marketing times, and lower median prices mean buyers have stronger negotiation leverage and more choice.

Luxury Real Estate – Homes Over $1,000,000

Luxury includes single-family homes, condos, villas, and townhouses priced above $1,000,000.

• Closed Sales: 104 (up 16%)
• Active Inventory: 968 (up 26%)
• Months Supply of Inventory: 8.1 months (up from 5.6)
• Median Days to Contract: 74 days (up from 34)
• Percent of Original List Price Received: 90.6% (down from 95.9%)
• Median Sale Price: $1,407,500 (down 2.9%)

What it means

Luxury is firmly in buyer-leaning territory. Longer timelines and wider bid-ask gaps are common; sellers should expect sharper pricing and enhanced marketing to achieve optimal outcomes.

Interest Rates and Economic Factors

The Federal Reserve has recently cut rates and indicated that additional cuts are likely this year. Mortgage rates have begun to ease from prior highs, though affordability still depends on factors like property insurance, taxes, and HOA fees. If subsequent cuts materialize and inflation cools, borrowing costs may improve further into the fall.

What the September 2025 Market Means for Buyers

• Use increased inventory and longer days on market to negotiate price and terms.
• Get pre-approved to act quickly as rates ease and competition returns.
• Budget beyond the mortgage: taxes, insurance, and HOA fees remain significant.
• If a home fits your goals and budget, consider moving forward now with potential to refinance later.

What the September 2025 Market Means for Sellers

• Price accurately from day one; the market is less forgiving of overpricing.
• Invest in presentation: staging, professional media, and flexible showing options.
• Plan for longer timelines, especially in luxury and condo segments.
• Monitor rate movements; easing rates can bring more qualified buyers to your listing.