Source: Your Observer —
As summer drew to a close in September, the availability of homes and condominiums for sale in Sarasota and Manatee counties continued its downward slide, taking a bite out of closed sales but driving up median prices.
Combined between the two counties, new listings decreased year-over-year by 3.7% for single-family homes and decreased by 17.2% for condos. Active listings fell to less than a month’s supply of homes in Sarasota and Manatee. Condos were down to close to half a month’s supply. Supplies of properties for sale in Sept. 2021 were above two months.
Real estate agents in Sarasota and Manatee counties represented a total of 2,072 closed sales in September, an 11 percent decrease from the same month last year. Broken down by category, single-family home sales in Sarasota County decreased by 5.1 percent to 835, and Manatee County single-family sales decreased by 4.5 percent to 675.