Sarasota County Market Report Sarasota County Market Report

Closed Sales Median Time to Contract

Monthly Market Detail- March 2025 Single-Family Homes Sarasota County

Closed Sales by Sale Price

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.

250 200 150 100 50

March 2024 March 2025

Sale Price Closed Sales

Percent Change Year-over-Year

Less than $ 50,000 0 N / A $ 50,000- $ 99,999 2 N / A $ 100,000- $ 149,999 5 150.0 % $ 150,000- $ 199,999 10 150.0 % $ 200,000- $ 249,999 25 66.7 % $ 250,000- $ 299,999 56 24.4 % $ 300,000- $ 399,999 196 22.5 % $ 400,000- $ 599,999 235 6.8 % $ 600,000- $ 999,999 160-1.8 % $ 1,000,000 or more 128 12.3 %

250 200 150 100 50

Less than $ 50,000

$ 50,000- $ 99,999

$ 100,000- $ 149,999

$ 150,000- $ 199,999

$ 200,000- $ 249,999

$ 250,000- $ 299,999

$ 300,000- $ 399,999

$ 400,000- $ 599,999

$ 600,000- $ 999,999

$ 1,000,000 or more

Median Time to Contract by Sale Price

The median number of days between the listing date and contract date for all Closed Sales during the month

Economists ' note: Like Time to Sale, Time to Contract is a measure of the length of the home selling process calculated for sales which closed during the month. The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale. When the gap between Median Time to Contract and Median Time to Sale grows, it is usually a sign of longer closing times and / or declining numbers of cash sales.

90 80 70 60 50 40 30 20 10 0

Less than $ 50,000

March 2024 March 2025

$ 50,000- $ 99,999

$ 100,000- $ 149,999

$ 150,000- $ 199,999

$ 200,000- $ 249,999

$ 250,000- $ 299,999

Sale Price

$ 50,000- $ 99,999 59 Days N / A $ 100,000- $ 149,999

Median Time to Contract

Percent Change Year-over-Year

Less than $ 50,000( No Sales) N / A

27 Days-34.1 % $ 150,000- $ 199,999 8 Days-63.6 % $ 200,000- $ 249,999 82 Days 530.8 % $ 250,000- $ 299,999

52 Days 92.6 % $ 300,000- $ 399,999 55 Days-5.2 % $ 400,000- $ 599,999 46 Days 0.0 % $ 600,000- $ 999,999 31 Days 3.3 % $ 1,000,000 or more 30 Days 30.4 %