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

SARASOTA, Fla. (November 20, 2025) – The REALTOR® Association of Sarasota and Manatee (RASM) has released its October 2025 real estate market report, offering a detailed look at post-hurricane recovery trends across the region. According to data from Florida REALTORS®, the housing market in Sarasota and Manatee counties posted a strong year-over-year rebound in October, one year after Hurricane Milton disrupted closings and listings in fall 2024.

The October figures show double-digit growth in closed sales across both single-family homes and condos, particularly compared to the depressed activity levels of October 2024. Inventory remains elevated relative to last year but has continued its stabilization month-to-month, while prices have continued to normalize. As the market rebalances, both buyers and sellers are adjusting expectations and timelines.

Key Trends in Sarasota/Manatee October 2025:

Sales Activity: Closed sales saw robust year-over-year increases across all property types, mainly due to having no hurricanes make landfall in the Sarasota/Manatee region this year.
Median Sales Price: Single-family prices held mostly steady or dipped slightly, while the condo market continued to soften, especially in higher-end segments.
Inventory: Inventory levels rose year-over-year across all segments, particularly for condos. However, month-over-month increases have slowed, pointing to a possible plateau in available supply.
Speed of Sales: Homes are spending more time on the market than a year ago, especially condos, as buyers become more selective and sellers price more competitively.

Single Family Homes

In October 2025, Sarasota County reported 668 closed sales for single-family homes, a 29.7 percent increase year-over-year. The median sale price declined 9.2 percent to $445,000, reflecting a softening from last year. Cash buyers made up 40.4 percent of all closed sales, while sellers received a median of 92.4 percent of their original list price.

Inventory in Sarasota rose 11.5 percent year-over-year to 3,291 active listings, and the months supply of inventory increased to 5.0 months. Homes took a median of 61 days to go under contract and 106 days to close, both up sharply from a year ago.

In Manatee County, there were 596 single-family sales, marking a 26.8 percent year-over-year increase. The median sale price remained stable at $481,000, a slight 0.2 percent increase compared to October 2024. Cash sales accounted for 27.2 percent of transactions, and sellers received 94.9 percent of their original list price.

Active listings in Manatee climbed to 2,671 (up 12 percent year-over-year), with the months supply at 4.2 months. Homes spent a median of 55 days to go under contract and 105 days to close, both of which are longer than a year ago but slightly improved from recent highs.

“October’s numbers show just how far our single-family market has come since last year’s storm disruption,” said Debi Reynolds, 2025 RASM President and Managing Broker at SaraBay Real Estate. “The spike in closed sales reflects a true rebound in consumer confidence, while more stable pricing and inventory suggest the market is finding its footing again. It’s a strong sign of resilience in both counties.”

Townhomes and Condos

In October 2025, Sarasota County reported 246 closed sales for condos and townhomes, a 23.0 percent increase from October 2024. The median sale price dropped 19.5 percent to $310,000, due to cooling demand in the higher-end market. Cash buyers accounted for 63.4 percent of all condo transactions. Sellers received 89.2 percent of the original list price, down from 94.4 percent a year earlier.

Active condo inventory in Sarasota rose 23.6 percent year-over-year to 2,029 units, and the months supply increased to 7.5 months, indicating a shift toward a buyer’s market. The median time to contract was 101 days, and median time to sale reached 141 days, both significantly longer than the previous year.

Manatee County recorded 175 closed sales in the condo/townhome segment, an 8.0 percent year-over-year increase. The median sale price declined 10.8 percent to $292,500, while cash sales comprised 53.7 percent of all transactions. Sellers received 92.0 percent of their original list price.

Manatee’s condo inventory totaled 1,405 active listings, up 9.3 percent from the prior year. The months supply held at 6.3 months, with homes spending 86 days to go under contract and 128 days to close, a notable increase from October 2024.

“Sellers in the condo market are adjusting to the reality of more competition and price sensitivity,” added Reynolds. “It’s more important than ever to price strategically and work with a REALTOR® who understands current trends and buyer expectations.”

Summary

While year-over-year statistics show strong growth, it’s important to note that comparisons are skewed by the sharp drop in activity during the October 2024 hurricane season. This makes annual gains appear more pronounced than they may be in reality. More recent trends point to a market that is gradually rebalancing, with sales activity, pricing, and inventory all showing signs of stabilization. As Sarasota and Manatee counties continue to normalize, partnering with a REALTOR® is essential. A knowledgeable REALTOR® can help buyers and sellers interpret current conditions, price strategically, and make confident decisions in today’s evolving market.

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.