How's the Real Estate Market??

Sarasota, FL

Single-Family Homes

Astrid Hartleb | 239-558-1130 | https://affinityswfl.com



Sarasota, FL

Mon Nov 23 2020
This week the median list price for Sarasota, FL is $451,773 with the market action index hovering around 44. This is an increase over last month's market action index of 42. Inventory has held steady at or around 898. Click here to stay informed with the Sarasota market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Sarasota, FL

Mon Nov 23 2020
This week the median list price for Sarasota, FL is $451,773 with the market action index hovering around 44. This is an increase over last month's market action index of 42. Inventory has held steady at or around 898. Click here to stay informed with the Sarasota market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Sarasota market.
Median List Price $451,773
Per Square Foot $219
Days on Market 121
Price Decreased 27%
Price Increased 11%
Relisted 4%
Inventory 898
Median Rent $3,000
Most Expensive $16,570,000
Least Expensive $3,300
Market Action 44
Slight Seller's Advantage

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,596,200 3,599 0.25 - 0.5 acre 4 3 20 26 21 209
$595,000 2,461 0.25 - 0.5 acre 3 2 18 32 36 133
$379,900 1,922 6,500 - 8,000 sqft 3 1 25 45 34 72
$220,000 1,601 8,000 - 10,000 sqft 3 2 47 39 43 70