RASM Reports Increasing Home Sales, Rising Prices

Real Estate

SRQ DAILY FRESHLY SQUEEZED CONTENT EVERY MORNING TUESDAY JUL 24, 2018

The Sarasota and Manatee market has stayed on trend with increasing home sales, rising median prices and low inventory in June 2018, according to the Realtor Association of Sarasota and Manatee (RASM). Sarasota County and Manatee County reported a total of 2,097 closed sales in June 2018, a 5.2 percent increase from last year. In the condo market, Sarasota sales increased by 3.8 percent to 384, while Manatee condo sales increased by 20.9 percent to 278. As for single-family homes, Manatee sales increased by 4.8 percent to 637, while Sarasota increased by 1.7 percent to 798. Median sales prices continue to rise. Sarasota single-family homes increased by 1.6 percent to $279,500, while Manatee increased by 0.8 percent to $300,000. Condo prices in Sarasota increased by 2.7 percent to $221,250 and Manatee increased by 4.9 percent to $191,500. For comprehensive statistics dating back to 2005, visit the website below.

RASM Statistics

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