08/31/2026
ππ‘ WEEKLY REAL ESTATE MARKET UPDATE | Sarasota & Manatee Counties π΄βοΈ
August 31, 2026
Weβre wrapping up August with some encouraging activity in the Sarasota and Manatee County real estate market. Pending sales, closed sales, and the average sold price all increased this week, while the number of active listings continued to decline. π
Hereβs what happened over the last 7 days:
π Active Listings: 7,837 | Down 0.6%
π° Average Sold Price: $592,882 | Up 6.7%
π Pending Listings: 442 | Up 1.7%
π Sold Listings: 446 | Up 8.8%
π Months of Inventory by Price Range
πΉ Single Family Homes Under $500K
π¦ 3.7 Months
π² Average Price: $364,773
πΉ Single Family Homes $500Kβ$1M
π¦ 3.7 Months
π² Average Price: $689,262
πΉ Condos, Villas & Townhomes Under $500K
π¦ 5.4 Months
π² Average Price: $275,917
πΉ Condos, Villas & Townhomes $500Kβ$1M
π¦ 8.3 Months
π² Average Price: $662,551
π What stands out this week?
π‘ Single-family inventory remains relatively tight, with just 3.7 months of inventory in both price ranges.
π’ The condo market continues to tell a different story. With 8.3 months of inventory between $500K and $1M, buyers in that segment may have significantly more negotiating leverage.
π At the same time, closed sales jumped 8.8% and pending sales increased, even as the number of homes available for sale declined slightly.
The takeaway? There isn't just one Sarasota/Manatee real estate market. Conditions can be dramatically different depending on the type of property and price range. That's why knowing the numbers for the specific market you're buying or selling in matters.
Thinking about buying, selling, or wondering what your home could sell for in today's market? Give me a call! π²
Jeremy Egglefield
Certified Waterfront Specialist
Preferred SHORE Real Estate
π 941-809-9200
π‘π΄π