Sarasota County Market Report Sarasota County Market Report | Page 12

Closed Sales
Monthly Market Detail- May 2025 Townhouses and Condos Sarasota County
Summary Statistics
May 2025
May 2024
Percent Change Year-over-Year
Closed Sales Paid in Cash
342 423-19.1 % 207 270-23.3 %
Median Sale Price $ 321,020
$ 368,000-12.8 %
Average Sale Price Dollar Volume
$ 488,795 $ 545,992-10.5 % $ 167.2 Million $ 231.0 Million-27.6 %
Median Percent of Original List Price Received
90.0 % 92.4 %-2.6 %
Median Time to Contract 59 Days 61 Days-3.3 %
Median Time to Sale
102 Days
101 Days
1.0 %
New Pending Sales New Listings
302 414
284 6.3 %
397 4.3 %
Pending Inventory 538 Inventory( Active Listings) 2,477 Months Supply of Inventory 9.2
581-7.4 % 2,010 23.2 % 6.3 46.0 %

Closed Sales

The number of sales transactions which closed during the month
Economists ' note: Closed Sales are one of the simplest— yet most important— indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales( and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes( i. e. comparing a month ' s sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next.
Month
Closed Sales
Percent Change
Year-over-Year
Year-to-Date
1,520
-12.5%
May 2025
342
-19.1%
April 2025
375
-13.0%
March 2025
324
-19.8%
February 2025
237
-12.2%
January 2025
242
15.8 %
December 2024
256
-19.5%
November 2024
236
-19.7%
October 2024
200
-18.7%
September 2024
230
-21.2%
August 2024
217
-22.2%
July 2024
285
7.1 %
June 2024
283
-25.7%
May 2024
423
-4.1%
800
2021 2022 2023 2024
600
400
200
0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
Produced by Florida Realtors ® with data provided by Florida ' s multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Monday, June 22, 2025. Next data release is Wednesday, July 23, 2025.