Based on the RASM data attached, the housing market in Sarasota and Manatee counties showed a shift toward a more balanced - or even buyer-friendly environment in February.

Key Trends in Sarasota/Manatee February 2025:

• Falling Median Sale Prices: Property prices have seen slight declines, with Sarasota County townhouses/condos seeing the largest drop.

• Increased Inventory & Supply: Inventory and months of supply have grown, indicating a shift toward a buyer's market.

• Longer Time to Contract & Sale: The median time to contract and sale has increased across all segments except for Manatee County single family homes, reflecting slower market movement.

Overall, February’s market data suggests a cooling phase for real estate in Sarasota and Manatee counties. While demand remains steady, increasing inventory and longer time-to-contract trends indicate a shift away from the highly competitive conditions of recent years. Buyers may find more negotiating power, while sellers will need to adjust pricing strategies to attract interest.