Current Housing Market Stats for Manatee & Sarasota County

Homes sold is a good indicator about the eagerness of buyers. When compared to how many homes are on the market, you can usually tell who has the most competition, buyers or sellers.

The Average Sold Price per Square Footage is a great indicator

for the direction of property values. Since Median Sold Price

and Average Sold Price can be impacted by the 'mix' of high or

low end properties in the market, the Average Sold Price per

Square Footage is a more normalized indicator on the direction

of property values.

  An upward trend in DOM trends to indicate a move towards more of a Buyer’s market, a downward trend indicates a move towards more of a Seller’s market. The Sold Price vs. Original List Price reveals the average amount that sellers are agreeing to come down from their

original list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market.

Current inventory of homes is a huge factor when wanting to know if it's a sellers market or if it's a buyers market. A comparatively lower Months of Inventory is more beneficial

for sellers while a higher months of inventory is better for buyers.

• *Buyer’s market: more than 6 months of inventory.  
• Seller’s market: less than 3 months of inventory
• Neutral market: 3 – 6 months of inventory