Closed Sales Median Time to Contract
Monthly Market Detail- May 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.
300 250 200 150 100 50 0
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.
250 200 150 100 50
Less than $ 50,000
May 2024 May 2025
$ 50,000- $ 99,999
$ 100,000- $ 149,999
$ 150,000- $ 199,999
May 2024 May 2025
$ 200,000- $ 249,999
$ 250,000- $ 299,999
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
Sale Price Closed Sales
Percent Change Year-over-Year
Less than $ 50,000 1 N / A $ 50,000- $ 99,999 0 N / A $ 100,000- $ 149,999 4 100.0 % $ 150,000- $ 199,999 14 40.0 % $ 200,000- $ 249,999 26 13.0 % $ 250,000- $ 299,999 75 92.3 % $ 300,000- $ 399,999 182 5.8 % $ 400,000- $ 599,999 222-14.0 % $ 600,000- $ 999,999 156-31.3 % $ 1,000,000 or more 108-9.2 %
$ 300,000- $ 399,999
Sale Price
$ 400,000- $ 599,999
$ 50,000- $ 99,999( No Sales) N / A $ 100,000- $ 149,999
Median Time to Contract
Percent Change Year-over-Year
Less than $ 50,000 0 Days N / A
25 Days-89.0 % $ 150,000- $ 199,999 34 Days-44.3 % $ 200,000- $ 249,999 61 Days 74.3 % $ 250,000- $ 299,999
$ 600,000- $ 999,999
$ 1,000,000 or more
300 250 200 150 100
69 Days 72.5 % $ 300,000- $ 399,999 49 Days 8.9 % $ 400,000- $ 599,999 60 Days 30.4 % $ 600,000- $ 999,999 49 Days 40.0 % $ 1,000,000 or more 32 Days-38.5 %
50 0
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
0
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.