Sarasota and Manatee County Market Statistics - May 2021

May 2021 Sarasota County Real Estate Market Update 

May 2021 was a Seller's market! The number of for sale listings was down 77.1% from one year earlier and down 9.1% from the previous month. The number of sold listings increased 90.1% year over year and decreased 13.3% month over month. The number of under contract listings was down 4.5% compared to previous month and up 28.6% compared to previous year. The Months of Inventory based on Closed Sales is 0.6, down 87.4% from the previous year.

The Average Sold Price per Square Footage was down 0.9% compared to previous month and up 55.7% compared to last year. The Median Sold Price increased by 4.3% from last month. The Average Sold Price also decreased by 3% from last month. Based on the 6 month trend, the Average Sold Price trend is "Neutral" and the Median Sold Price trend is "Appreciating".

The Average Days on Market showed a downward trend, a decrease of 48.4% compared to previous year. The ratio of Sold Price vs. Original List Price is 98%, an increase of 6.5% compared to previous year.

 

2021 May Sarasota County Home & Condo Statistics

  May 2021 Change from May 2020
Average single family home sales price $597,000 +51.5%
Average condominium sales price $580,000 +85.3%
List to Sale Price Difference 99% +4
Average Days on Market 33 -31
Months of Inventory 0.6 -87.4% 
Properties For Sale 872 -77.1%
Pending Properties 1,544 +28.6%
Sold Properties 1,580 +90.1%


 

May 2021 Manatee County Real Estate Market Update

May 2021 was a Seller's market! The number of for sale listings was down 76% from one year earlier and up 8.6% from the previous month. The number of sold listings increased 74.1% year over year and decreased 19.4% month over month. The number of under contract listings was down 2.3% compared to previous month and up 11% compared to previous year. The Months of Inventory based on Closed Sales is 0.5, down 86% from the previous year.

The Average Sold Price per Square Footage was up 2.8% compared to previous month and up 32.3% compared to last year. The Median Sold Price increased by 1.2% from last month. The Average Sold Price also increased by 2.6% from last month. Based on the 6 month trend, the Average Sold Price trend is "Appreciating" and the Median Sold Price trend is "Appreciating".

The Average Days on Market showed a downward trend, a decrease of 56.7% compared to previous year. The ratio of Sold Price vs. Original List Price is 99%, an increase of 5.3% compared to previous year.

May 2021 Manatee County Real Estate Market Statistics

May 2021 Manatee County Home & Condo Statistics

  May 2021 Change from May 2020
Average single family home sales price $582,000 +42.6%
Average condominium sales price $305,000 +16.9%
List to Sale Price Difference 99% +2
Days on Market 29 -38
Months of Inventory 0.5 -79.4%
Properties For Sale 621 -76%
Pending Properties 1,066 +11%
Sold Properties 1,074 +74.1%

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