May 2024 Real Estate Market Report: Trends in Sarasota & Manatee Counties

Key Trends in May 2024:

• Sarasota County: Single-family homes are seeing stable sales and rising prices with increasing inventory, suggesting a shift towards a buyer’s market. The condo/townhouse market is showing a decrease in sales, with decreasing prices and increasing inventory, indicating a potential buyer’s market as well.

• Manatee County: Both single-family homes and condos/townhouses are experiencing fewer sales and increasing inventory, indicating a potential shift towards a buyer’s market. Prices for single- family homes are stable, but condos/townhouses are seeing slight decreases.

Complete Report: https://www.myrasm.com/clientuploads/Market_Statistics_PDFs/2024/May/May-2024-Press-Release-and-Statistics.pdf