08/31/2026
๐๐ก WEEKLY REAL ESTATE MARKET UPDATE | Sarasota & Manatee Counties ๐ดโ๏ธ
August 31, 2026
Weโre wrapping up August with some encouraging activity in the Sarasota and Manatee County real estate market. Pending sales, closed sales, and the average sold price all increased this week, while the number of active listings continued to decline. ๐
Hereโs what happened over the last 7 days:
๐ Active Listings: 7,837 | Down 0.6%
๐ฐ Average Sold Price: $592,882 | Up 6.7%
๐ Pending Listings: 442 | Up 1.7%
๐ Sold Listings: 446 | Up 8.8%
๐ Months of Inventory by Price Range
๐น Single Family Homes Under $500K
๐ฆ 3.7 Months
๐ฒ Average Price: $364,773
๐น Single Family Homes $500Kโ$1M
๐ฆ 3.7 Months
๐ฒ Average Price: $689,262
๐น Condos, Villas & Townhomes Under $500K
๐ฆ 5.4 Months
๐ฒ Average Price: $275,917
๐น Condos, Villas & Townhomes $500Kโ$1M
๐ฆ 8.3 Months
๐ฒ Average Price: $662,551
๐ What stands out this week?
๐ก Single-family inventory remains relatively tight, with just 3.7 months of inventory in both price ranges.
๐ข The condo market continues to tell a different story. With 8.3 months of inventory between $500K and $1M, buyers in that segment may have significantly more negotiating leverage.
๐ At the same time, closed sales jumped 8.8% and pending sales increased, even as the number of homes available for sale declined slightly.
The takeaway? There isn't just one Sarasota/Manatee real estate market. Conditions can be dramatically different depending on the type of property and price range. That's why knowing the numbers for the specific market you're buying or selling in matters.
Thinking about buying, selling, or wondering what your home could sell for in today's market? Give me a call! ๐ฒ
Jeremy Egglefield
Certified Waterfront Specialist
Preferred SHORE Real Estate
๐ 941-809-9200
๐ก๐ด๐