The March 2025 real estate report from the REALTOR® Association of Sarasota and Manatee (RASM) reveals key insights into the current housing landscape in Sarasota County. As the market continues to adjust following the post-pandemic surge, buyers and sellers alike are navigating new dynamics in pricing, inventory, and time on market.
According to data from Florida REALTORS®, Sarasota County is seeing signs of stabilization—creating new opportunities for buyers and sellers in a more balanced environment.
📉 Single-Family Homes: Activity Rising, Prices Adjusting
The Sarasota single-family home market experienced a strong boost in activity in March, with 817 closed sales—a 38.7% increase from February and a 13% rise year-over-year. Despite the uptick in demand, home prices declined for the third consecutive month. The median sale price dropped 8.8% year-over-year to $469,450, signaling a potential opportunity for buyers looking to enter the market.
Inventory continues to rise, with 4,412 active listings—a 30.8% increase from March 2024—bringing the months’ supply of inventory to 6.9 months, a strong indicator of a balanced market.
Cash buyers remain a significant presence in Sarasota, accounting for 44.7% of all closed sales—a sign of continued local and investor demand.
Time on market trends:
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Median time to contract: 40 days
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Median time to sale: 82 days
These numbers reflect a slightly quicker pace than the previous month, despite the increase in available homes.
🏢 Condos and Townhomes: A Shift Toward Buyers
The Sarasota condo and townhome market is shifting more decisively into buyer-friendly territory. March recorded 324 closed sales, a 36.7% increase over February, but still down 19.8% year-over-year. The median sale price declined 10.2% to $346,500.
Inventory continues to build in this segment, reaching 2,714 active listings and a 9.7-month supply—well into buyer’s market territory. With 68.5% of condo sales closing in cash, this sector remains active among seasoned buyers and investors.
Time on market trends:
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Median time to contract: 46 days
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Median time to sale: 84 days
Buyers now have more leverage, more choices, and more time to make informed decisions.
What This Means for Sarasota Buyers and Sellers
As the market gradually shifts toward balance, buyers benefit from rising inventory, longer days on market, and price adjustments—especially in the condo and townhome segment. For sellers, well-presented and appropriately priced homes are still moving, particularly among cash buyers seeking opportunity in a less competitive environment.
“No two markets are the same, and local knowledge matters more than ever,” says Debi Reynolds, 2025 RASM President and Managing Broker at SaraBay Real Estate. “Sarasota has its own unique rhythm, and REALTORS® bring valuable insight to help clients navigate it.”
Bottom Line
With increased inventory, moderating prices, and steady demand, Sarasota County’s housing market is creating opportunities for both buyers and sellers in a more stable, manageable environment. Whether you’re planning to make a move soon or just exploring your options, now is the time to connect with a local REALTOR® who knows the Sarasota market inside and out.
Read the whole report here