What Does Sarasota’s Housing Market Look Like Right Now?

Updated September 7, 2026

What Sold, and for How Much

I keep this page tied to live Stellar MLS data, not a forecast. Every number below is Sarasota County, residential, priced at $80,000 or more, and covers the trailing six months as of the date under the title. When the numbers move, this page moves with them.

The column that matters most is the gap between what a home first asked and what it closed for. For single-family homes that gap is about 7.6%. For condos it is about 8.8%. That gap is the negotiating room, and it is real money on a $485,000 house.

We are in the very early stages of purchasing a condo. I contacted Mike based on the reviews I found online. I have one word to describe his approach…unbelievable! Even though he understands we are a couple of years away, Mike spent a lot of time with me on the phone. He explained how the process works and most importantly that his team would not press. He promised to be there when I need him. Based on what I shared, Mike has built a personal web portal for me where he sends condos for my review. I just cannot get over how he was stilling willing to invest his time with someone who was not going to buy today. He made it very clear that he would be there every step of the way for me. I'll be in Florida next month and look forward to meeting Mike and his team in person! S.C.

– samuelcorners, Zillow Review

Is Sarasota a Buyer’s Market or a Seller’s Market?

Months of supply is the cleanest way to answer that. It divides today’s active listings by the monthly pace of closings. Under three months favors sellers. Three to six is balanced. Over six favors buyers.

• Single-family homes: 2,477 active against 4,732 closings in six months, which is about 3.1 months of supply. Balanced, with the typical house still closing 7.6% under its original ask.
• Condos: 1,139 active against 1,342 closings, about 5.1 months of supply. That is a buyer’s market on the condo side, and it shows in the 80-day median age of the active condo listings.
• All property types: about 3.6 months.

The active listings also tell you what sellers are asking right now: the median single-family listing asks $525,000 and has been on the market 53 days; the median condo asks $399,900. Compare those asks to the closed medians in the table above and you can see why price cuts are common.

The Last 30 Days

Six months tells you the trend. Thirty days tells you the temperature.

• 924 closings, including 596 single-family homes at a median of $470,000 and 168 condos at a median of $305,000.
• 845 new listings, 517 of them single-family with a median asking price of $499,900.
• 727 homes under contract right now, 376 of them single-family.
• 919 price cuts in the last 30 days, which is about 20.9% of everything on the market. Roughly one active listing in five reduced its price in the past month.

New listings are running ahead of closings (845 in versus 924 out), so inventory is building slowly. That is what keeps this a negotiating market rather than a bidding market.

What This Means If You Are Buying

Write offers off the closed comps, not the asking price. On a typical single-family home the closed price has been landing about 7.6% under the original ask, and the seller who has already cut once is often ready to move again. Use the inspection period. Ask for the seller’s disclosure and the insurance history early, because in Sarasota County the insurance quote is as much a part of the price as the mortgage rate. On condos, take your time: with about 5.1 months of supply you are not competing for most buildings, and the association documents deserve a careful read.

What This Means If You Are Selling

Price to the closings, not to the neighbor’s asking price. The listings that sit are the ones priced to what sellers hoped for in the spring. The single-family homes that closed in the last 30 days went in a median of about 39 days, so a correctly priced home still sells quickly here. Get the roof, the insurance, and the flood history documented before you list; every buyer’s agent will ask, and the sellers with answers ready are the ones who hold their number.

Michael Renick is a very responsive and professional leader in his field of work. Mike has developed very creative processes and systems to provide exceptional service and resources to his clients. The success of his business speaks to his dedication and hard work ethic. Rarely without a smile and always with a positive attitude, he is at the top of his game.

– Dave Hansen, Google Review

Before You Write an Offer in Sarasota County

• Pull the closed comps for the street, not the zip code. The county medians above set the frame; the last three closings on the same street set the price.
• Ask how long it has been listed and whether the price has moved. With roughly one active listing in five cutting its price in the last 30 days, the listing history tells you where the seller’s head is.
• Get the insurance quote before the offer, not after. Wind mitigation, four-point and, near the water, the elevation certificate and flood history. In Sarasota County the insurance number is part of the price.
• On a condo, read the association package first. Reserves, milestone inspection status and the insurance renewal decide whether the monthly number holds.
• Keep the inspection period. In a balanced market you do not have to give it up to win, and it is your only leverage after the contract is signed.

The Numbers, Defined

• Median closed price: half the sales closed above it, half below. It is not an average, so one very large sale does not drag it around.
• Median original ask: the price the home first listed at, before any reductions. The gap between this and the closed price is the negotiating room that actually happened, not the room a listing agent promises.
• Days on market: from the listing date to the contract date for closed sales, and from the listing date to today for active listings. When the active number runs well above the closed number, the listings that are sitting are the ones priced above where buyers are paying.
• Months of supply: active listings divided by the monthly closing pace over the trailing six months. Under three months favors sellers, three to six is balanced, over six favors buyers.
• Trailing six months: closings since the date six months before the update date under the title. Every figure here is recalculated when the page is refreshed.

How I Track This

These figures come straight from Stellar MLS through Bridge, pulled the day of the update, for Sarasota County residential listings priced at $80,000 and up. Trailing six months means closings since March 7, 2026. I do not publish year-over-year comparisons on this page because they cannot be rebuilt from live MLS data with the same rules; what I can show you is exactly where closings are landing against asking prices today. If you want the same read for one neighborhood or one building, call or text me at 941.400.8735.

Questions Clients Actually Ask

Is Sarasota a buyer’s market or a seller’s market right now?

Balanced, leaning toward buyers. Single-family homes sit at about 3.1 months of supply and condos at about 5.1 months as of this update, and the typical single-family home has been closing about 7.6% under its original asking price.

How far under asking price are Sarasota homes selling?

Over the trailing six months the median single-family home closed at $485,000 against a median original ask of $525,000, about 7.6% under. Condos ran about 8.8% under. Individual homes vary, which is why I price off the closed comps for the specific street.

How long does it take to sell a home in Sarasota County?

The median single-family home that closed in the trailing six months was on the market 39 days; condos took a median 74 days. The active listings are older, with a median age of 53 days for houses and 80 for condos, which tells you that overpriced listings sit.

Are Sarasota home prices going down?

I do not publish year-over-year figures here because they cannot be rebuilt reliably from live MLS data. What the current data shows is a market where about one in five active listings cut its price in the last 30 days and closings land well under original asking prices, which is pressure on prices rather than a collapse. Call or text me at 941.400.8735 for the read on a specific home.

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