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

SARASOTA, Fla. (October 23, 2025) – The REALTOR® Association of Sarasota and Manatee (RASM) has released its September 2025 real estate market report, offering a comprehensive analysis of key trends across both counties. According to data from Florida REALTORS®, the housing market across Sarasota and Manatee counties showed steady momentum in September, as closed sales rose year-over-year for both single-family homes and condos. While more buyers returned to the market compared to last fall, prices continued to moderate, and homes took longer to sell, reflecting a shift toward a more balanced environment. Inventory levels remain higher than a year ago but have eased slightly in recent months, signaling that supply is stabilizing after a year of buildup. Overall, the region’s housing market is showing resilience, with increased activity and growing opportunities for buyers during more normalized conditions.

Key Trends in Sarasota/Manatee September 2025:

Sales Activity: Closed sales increased year-over-year across both property types, showing renewed buyer engagement after a slower 2024. The rise in transactions may reflect improved affordability as prices moderate, lower interest rates, or pent-up demand from those who delayed purchases earlier in the year.
Median Sales Price: Median prices dipped modestly year-over-year, signaling continued price normalization. Price declines were most noticeable in the condo market, particularly in higher-end segments.
Inventory: Active listings increased year-over-year for both single-family and condo properties. However, inventory has trended slightly downward in recent months, suggesting some stabilization after midyear peaks.
Speed of Sales: Homes and condos took longer to sell than a year ago. The slower pace suggests buyers have more time and negotiating power than in recent years.

Single-Family Homes

In September 2025, Sarasota County reported 646 single-family home sales, a 25.9 percent increase compared to last year. The median sale price fell 8.2 percent year over year to $450,000, marking the lowest median price since February 2022. Cash buyers made up 40.4 percent of all closed sales. Sellers received a median of 92.2 percent of their original list price, reflecting a continued shift toward greater buyer leverage.

Inventory levels rose 10.4 percent year-over-year to 3,137 active listings, though supply has declined month-over-month since May. The months’ supply of inventory now stands at 4.8 months. Homes spent a median of 64 days to go under contract and 105 days to close, both slightly shorter than in August.

In Manatee County, there were 662 single-family home sales in September, up 24.4 percent year-over-year. The median sale price held steady at $470,000, unchanged from last year. Cash buyers represented 29.9 percent of all closed sales, while sellers received a median of 93.3 percent of their original list price, a slight decline from the previous month.

Active listings in Manatee County totaled 2,656, up 7.9 percent year-over-year, though inventory has fallen each month since March. The months supply eased to 4.2 months. The median time to contract rose to 60 days, and the median time to sale reached 109 days, both up slightly from August.

“As single-family inventory stabilizes and months supply approaches a more typical range, the market is shifting from one-sided to one where both sellers and buyers can engage productively,” said Debi Reynolds, 2025 RASM President and Managing Broker at SaraBay Real Estate. “Working with a REALTOR® is critical in this environment because smart pricing and timing matter more than ever.”

Townhomes and Condos

In September 2025, Sarasota County reported 230 closed sales for townhomes and condos. The median sale price declined 17.1 percent year-over-year to $315,000, with 60.0 percent of transactions paid in cash. Sellers received 88.3 percent of their original list price on average, highlighting increased flexibility in pricing.

Inventory levels grew 12.6 percent year-over-year to 1,820 active listings, though the total has trended downward since March. The months supply stood at 6.8 months. The median time to contract rose to 108 days, and the median time to sale reached 139 days, both significant increases from the previous month.

In Manatee County, 216 townhome and condo sales closed in September, a 31.7 percent increase year-over-year. The median sale price dropped 7.3 percent to $296,500, with 51.9 percent of sales paid in cash. Sellers received 89.8 percent of their original list price.

Active listings increased 5.2 percent year-over-year to 1,384, a slight uptick from August. The months supply decreased to 6.3 months, while the median time to contract rose to 92 days and the median time to sale to 130 days.

“The condo and townhome market is clearly in a correction phase,” added Reynolds. “Elevated supply, longer days on market, and lower sale-to-list price ratios all point to a more buyer-friendly environment."

Summary

As Sarasota and Manatee counties move toward a more balanced housing market, buyers and sellers alike are navigating a landscape defined by opportunity and informed decision-making. With prices stabilizing and inventory adjusting to meet demand, the guidance of a trusted REALTOR® is more important than ever. REALTORS® provide expert insight into local market trends, help buyers and sellers make competitive and confident choices, and uphold the highest standards of professionalism through the REALTOR® Code of Ethics. Whether entering the market or preparing for the next move, consumers can rely on the expertise of a REALTOR® to help them reach their real estate goals with clarity and confidence.

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.