Tamina Aratari "s Market Update

Sarasota, FL

Single-Family Homes

Luxury Waterfront Realtor | 941-286-9647 | puntagordaisles@gmail.com



Sarasota, FL

Wed Oct 04 2023
This week the median list price for Sarasota, FL is $685,000 with the market action index hovering around 39. This is less than last month's market action index of 40. Inventory has increased to 773. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Sarasota, FL

Wed Oct 04 2023
This week the median list price for Sarasota, FL is $685,000 with the market action index hovering around 39. This is less than last month's market action index of 40. Inventory has increased to 773. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Sarasota market.
Median List Price $685,000
Median Price of New Listings $554,450
Per Square Foot $344
Average Days on Market 83
Median Days on Market 56
Price Decreased 45%
Price Increased 2%
Relisted 5%
Inventory 773
Median Rent
Market Action 39
Slight Seller's Advantage

Again this week we see a downward notch for prices. Prices continue to pull back from the market’s highs. 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
$2,500,000 3,400 0.25 - 0.5 acre 4 4 34 15 8 98
$859,000 2,415 0.25 - 0.5 acre 3 3 26 17 18 56
$554,000 1,764 8,000 - 10,000 sqft 3 2 38 34 17 42
$388,750 1,338 6,500 - 8,000 sqft 2 2 44 26 28 42