Sarasota-Manatee home sales and prices increased again in January 2018. Inventory tightens, but a rise in pending sales and new listings indicate the upcoming season of sales. Combined closed sales in the two-county area increased by 13 percent from this time last year. Single-family home sales in Manatee County rose by 12.7 percent to 399. Sarasota County showed a 9.5 percent increase to 519 closed sales. Sarasota condo sales jumped by 31.5 percent to 326, while Manatee condo sales decreased by 4.2 percent to 221. Compared to last year, condo median sales prices are down slightly, while single-family home prices are up. Pending sales, or the number of properties that went under contract this month, increased by 14.8 percent from January 2017. New listings, or the number of properties put onto the market during the month, jumped from last year with a combined increase of 7.3 percent. Inventory is tight at the start of this year, with an overall 3.8 percent decrease from January 2016. Monthly reports are provided by Florida realtors with data compiled from My Florida Regional Multiple Listing Service. For more information, follow the website below.

Realtor Association of Sarasota and Manatee