How's the Real Estate Market??

Sarasota, FL

Single-Family Homes

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



Sarasota, FL

Wed Oct 20 2021
This week the median list price for Sarasota, FL is $596,250 with the market action index hovering around 64. This is an increase over last month's market action index of 62. Inventory has held steady at or around 332. 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.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Sarasota, FL

Wed Oct 20 2021
This week the median list price for Sarasota, FL is $596,250 with the market action index hovering around 64. This is an increase over last month's market action index of 62. Inventory has held steady at or around 332. 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.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Sarasota market.
Median List Price $596,250
Median Price of New Listings $459,450
Per Square Foot $311
Average Days on Market 59
Median Days on Market 28
Price Decreased 33%
Price Increased 5%
Relisted 3%
Inventory 332
Median Rent $4,000
Market Action 64
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$2,529,414 3,859 0.25 - 0.5 acre 4 3 32 14 9 70
$795,000 2,197 0.25 - 0.5 acre 3 2 39 15 14 28
$475,000 1,774 8,000 - 10,000 sqft 3 1 42 20 23 28
$339,900 1,289 8,000 - 10,000 sqft 3 1 59 31 32 14