The Sarasota Real Estate Market in May demonstrated continued stability across all price tiers, with the bulk of closings in the $400 – 900,000 range. Double-digit growth in sales over prior year seems to indicate that consumers in that price range, where buyers typically require a mortgage, have adapted to rates above 6%. Also within […]
As new listings in the luxury tier ease and demand remains strong, sales activity again exceeded prior year. Motivated affluent buyers are prepared to act faster on distinctive and exceptional properties in prime locations and are leveraging their financial flexibility for quicker closings. Year-to-date, pending sales have grown 36% over last year in the higher […]
March 2026 experienced yet more growth in sales and pending sales over $1 million, especially in the condominium category. And while median housing prices in Sarasota have softened compared to prior year for several of the last months, March prices in all tiers grew about 3.5%. New listings in both single-family and condominiums fell considerably, […]
February’s Sarasota Real Estate Market reflected another month of return to a more normalized market. Inventory of properties for sale is hovering in the “balanced” window, which has eased negotiating on both sides and is helping to maintain a modest gap between list and sale price above 93%. Homes and condos are also going under […]
Following a notable surge in pending sales at the end of December 2025, January saw a robust start, marking the highest number of contracts signed for any January since 2022. The inventory of homes available in the Sarasota Real Estate Market declined by 9% compared to January 2025. With the busiest closing months approaching, these […]
Sarasota Real Estate Market’s peak months for closings are typically March, April, May and June. I am confident our season ahead will show measured growth with continuing stability.
Following last year’s intense weather events, our region experienced a significant disruption in not only our daily lives but they also put an unexpected pause on the real estate market for months. Now that we’ve reached the end of hurricane season, both buyer and seller activity is rising again. And, especially at the luxury tier, […]
I believe the season ahead will experience strong demand for distinctive properties. It is expected that price appreciation will moderate, and we will see continued growth in new listings. Sellers are no longer in the driver’s seat and will need to be strategic and prepared for savvy buyer negotiations.
Since my last report on May’s Sarasota Real Estate Market, the overall landscape has remained relatively stable. Prices are holding steady, inventory levels continue to move the market closer to favoring buyers, and sales are demonstrating resilience. In August, the most recent month for which data is available, there was a notable increase in pending […]
A new buzzword being used by economists and industry experts is “Financial Flexibility” when referring to today’s affluent buyers. Now that prices have stabilized and inventory is rising, buyers in the upper strata are seeking real estate as a valuable investment strategy in our dynamic financial marketplace. Luxury buyers are still in pursuit of investment […]
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