The Realtor Association of Sarasota and Manatee has released its monthly report. In March of 2019, inventory continues to rise in the Sarasota and Manatee housing market. As for sales, single-family homes increased, while condo sales decreased. The two counties differ in prices with a median price increase in Manatee County and a decrease in Sarasota County. Following the same trend as February’s report, closed sales increased for single-family homes but decreased for condos in March. Single-family sales increased by 8.4 percent to 629 in Manatee County and increased by 1.4 percent to 778 in Sarasota. Manatee condo sales decreased by 2.8 percent to 276 and Sarasota condo sales decreased by 13.6 percent to 393. Pending sales, or the number of properties that went under contract during the month, decreased by 0.3 percent in the two-county area. Single-family pending sales increased by 0.2 percent in Sarasota County and increased by 5.7 percent in Manatee County. Condo pending sales decreased by 0.6 percent in Manatee. As for Sarasota, condo pending sales decreased by 6.4 percent.

More details can be found at the website below.

RASM March 2019 Statistics