Welcome back to our monthly market update for Sarasota and Manatee counties! The May 2025 real estate numbers are in, and while the market continues to show signs of stabilization, it also presents some exciting opportunities—especially for buyers and investors.
In this post, we’ll break down the latest statistics for single-family homes and condos across both counties and give you some insider insights into what it all means. Whether you’re buying, selling, or just keeping an eye on the market, here’s what you need to know.
🏡 Sarasota County – Single Family Homes
- Closed Sales: 788 homes in May — a slight decrease from both last year and the 817 sold in April.
- Median Sale Price: $465,000, down 12.3% year-over-year and about 1% from last month.
- Days to Contract: 51 days — up from 43 in April and 18% higher year-over-year.
- Months of Inventory: 6.6 months (up from 7.3 in April), signaling a shift toward a balanced market.
📍 Key Insight: Prices are continuing to correct, and buyers have more time and options. Inventory growth is a healthy sign for those entering the market.
🏠 Manatee County – Single Family Homes
- Closed Sales: 786 homes, down 2% year-over-year, but over 100 more than in April.
- Median Sale Price: $478,195, down nearly 9% year-over-year, but up slightly month-to-month.
- Days to Contract: 52 days — holding steady month-to-month but up 15% from last year.
- Months of Inventory: 5.2 months — stable and consistent with a more normalized market.
📍 Key Insight: The Manatee market reflects steady buyer activity and price resilience. Slight pricing increases month-over-month show returning consumer confidence.
🏢 Sarasota County – Condos & Townhomes
- Closed Sales: 342 units — a 19% drop from last year and down from 375 in April.
- Median Sale Price: $321,020 — down 12.8% year-over-year.
- Days to Contract: 59 days (up from 43 in April).
- Months of Inventory: 9.2 months — relatively unchanged from April, but significantly higher year-over-year.
📍 Key Insight: Condo inventory is high, offering buyers significant leverage. With prices continuing to drop, this could be a great time for first-time buyers or investors to enter the market.
🏙️ Manatee County – Condos & Townhomes
- Closed Sales: 265 units — up slightly year-over-year, with a minor dip from April.
- Median Sale Price: $313,000 — down 13% year-over-year but up from $300,000 in April.
- Days to Contract: 60 days — a 7% increase year-over-year.
- Months of Inventory: 7.9 months — up 25% from last year, but slightly down from April.
📍 Key Insight: The condo market in Manatee remains buyer-friendly. Coastal areas like Anna Maria Island and parts of Longboat Key are rebounding from past storm impacts, offering new opportunities for buyers.
🏝️ Recovery on the Islands Signals Market Shift
One encouraging trend? The barrier islands are bouncing back. After weathering some significant storms, these areas have seen strong recovery efforts, and that’s starting to show in buyer interest and sales activity.
📈 What This Means for You
While year-over-year numbers may look soft, month-to-month improvements and inventory growth suggest a stabilizing market. This is not a crash—this is a correction. Buyers now have options, time, and negotiating power that haven’t been available in recent years.
Whether you’re looking to buy, sell, or invest, now is a great time to connect with a local expert who understands the nuances of Sarasota-Manatee’s evolving real estate landscape.
🎥 More Than Just Numbers
We filmed this market update on location at the stunning Custom Design Center by Culture Homes at Woodland Preserve, which also serves the Crestwind community. If you’re considering building a custom home, be sure to check out our video tour for a behind-the-scenes look at the design process.
👉 Watch the Design Center Tour Video
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Until next time,
Susan & Judy
Your Sarasota-Manatee Market Experts
Sarasota Real Estate 