April 2025 Real Estate Market Report: Trends in Sarasota and Manatee Counties

SARASOTA, Fla. (May 22, 2025) – The REALTOR® Association of Sarasota and Manatee (RASM) has released its April 2025 real estate market report, offering a comprehensive analysis of key trends across both counties. According to data from Florida REALTORS®, the housing market in Sarasota and Manatee counties may be showing early signs of leveling off, particularly as the rapid pace of inventory growth begins to slow. While inventory levels remain elevated compared to last year, the month-over-month increases have started to moderate, hinting at a potential stabilization. This shift could signal a more balanced environment ahead, where buyer demand and available supply begin to align more closely.

Key Trends in Sarasota/Manatee April 2025:

• Median Sale Price Trends: All segments reported a year-over-year decline in median and average sale prices.
• Inventory Growth Slowing: While overall inventory remains higher year-over-year, the pace of growth is beginning to moderate—indicating a potential shift toward market stabilization as new listings and pending inventory increases begin to level off.
• Closed Sales Trends: Closed sales remained relatively steady across most segments, with only slight year-over-year changes—suggesting consistent buyer activity despite shifting market conditions.

Single-Family Homes

In April 2025, Sarasota County reported 817 single-family home sales, a 0.7 percent increase year-over-year. The median sale price declined by 13.0 percent from April 2024 to $470,000 but increased slightly from the previous month. Cash buyers accounted for 46.1 percent of all closed sales.

Inventory levels rose, with a 34.6 percent year-over-year increase to 4,448 active listings, bringing the months supply to 7.0 months. The median time to contract and median time to sale stayed relatively consistent to last month to 43 days and 82 days, respectively.

In April 2025, Manatee County reported 672 single-family home sales, a 1.9 percent decrease year-over-year. The median sale price decreased 12.5 percent year-over-year to $464,000. Cash buyers accounted for 29.9 percent of all closed sales.

Manatee County ended April 2025 with 3251 active listings, representing a 5.2-month supply of inventory. The median time to contract increased slightly from last month to 50 days, while the median time to sale decreased slightly to 92 days.

"The single-family home markets in both Sarasota and Manatee counties are showing encouraging signs of stabilization," said Debi Reynolds, Managing Broker of SaraBay Real Estate and 2025 RASM President. "While we’re seeing a natural correction from the record highs of recent years, the steady pace of sales and the more moderate growth in inventory indicate a return to healthier market conditions."

Townhomes and Condos

In April 2025, Sarasota County reported 375 townhome and condo sales, a 13.0 percent decrease year-over-year. The median sale price fell 14.9 percent year-over-year to $339,500, with 66.9 percent of sales being cash purchases.

Inventory decreased for the first time since September 2024 to 2,654 active listings and a 9.6-month supply, signaling that the Sarasota Condo and Townhome market is stabilizing. The median time to contract the median time increased from March 2025 to 61 days and 104 days, respectively.

In April 2025, Manatee County reported 273 townhome and condo sales, a 1.1 percent decrease year-over-year. The median sale price fell 14.8 percent to $300,220 with 50.5 percent of sales being cash purchases.

Inventory held relatively constant from March 2025 with 1,817 active listings and an 8.2-month supply. The median time to contract stayed relatively consistent at 63 days, while the median time to sale decreased to 98 days.

"The condo and townhome market is showing more pronounced price softening, primarily due to a steady increase in inventory," Reynolds explained. "This means buyers have more negotiating power, but it also challenges sellers to be strategic ensuring their properties are priced competitively and well-presented."

Summary

Overall, the April 2025 data reflect a market in transition—characterized by stabilizing inventory, softening prices, and steady sales activity. As buyers and sellers navigate these evolving conditions, working with a trusted REALTOR® is more important than ever. REALTORS® offer expert guidance, local market knowledge, and negotiation skills that are essential for making informed decisions and achieving successful outcomes in today’s complex real estate landscape.

Monthly reports are provided by Florida Realtors® with data compiled from Stellar MLS. For comprehensive statistics dating back to 2015, visit www.MyRASM.com/statistics.