TRI-COUNTY MARKET INSIGHTS
SECO N D QUARTER 2022
Market Report SARASOTA COUNTY
•
Inventory continues to increase across our region. Prospective buyers who have been frustrated by a lack of inventory are now incentivized to move back into the market with more choices. Buyer demand remains steady in our market even with increases in mortgage rates, which are still below historical averages.
•
Inventory across the region remained below a 2-month supply but was up significantly year-over-year signaling a movement towards a more normalized market.
•
Single-family active listings jumped 145.7% and condominium listings rose 74.4%.
•
Single-family home sales decreased 13.2% to and condominium sales dropped 19.76%.
•
As the pace of sales have cooled down across our region, Sellers will need to be prepared to make adjustments to meet the current market landscape.
INDUSTRY-LEADING SALES As a member of Leading Real Estate Companies of the World,® Michael Saunders & Company is a global — not just local — real estate company working on your behalf. In 2021, LeadingRE’s invitation-only network was responsible for $405 billion in annual home sales volume among the top 500 U.S. real estate firms.
NETWORKS, FRANCHISES & COMPANIES
2021 U.S. HOME SALES VOLUME AMONG THE TOP 500 U.S. REAL ESTATE FIRMS.
LeadingRE
Keller Williams
$405 $353
Coldwell Banker Compass
$317
$251
Berkshire Hathway HS Exp Realty
$139
$132
Sotheby's International
$115
Remax Century 21 Homesmart International
$113 $39
$35
Volume shown in billions of dollars. For informational purposes only. In compiling this report, LeadingRE relies on third party sources. The information set forth in the chart above is sourced from REAL Trends Top 500 for 2021, realtrends.com. Neither LeadingRE nor its member companies are responsible for the accuracy of third-party data presented herein.
S ECO N D Q UA RT ER 202 2
M A R K E T R EP O RT
SARASOTA COUNTY SINGLE FAMILY HOMES | APRIL- JUNE 2022 VS. APRIL-JUNE 2021
TOTAL HOMES FOR SALE
2021
2022
535
1,278
LISTINGS UNDER CONTRACT
1,278 E138.88%
CLOSED SALES
2021
2022
2,632
2,284
2021
2022
2,632
2,284
2,284
G 13.22%
MONTHS OF INVENTORY*
1.2
SELLER'S MARKET
AVERAGE DAYS ON MARKET
2,284
G 13.22%
2021
2022
31
17
17
G 45.16%
©2022 Trendgraphix
SARASOTA COUNTY CONDOMINIUMS | APRIL- JUNE 2022 VS. APRIL-JUNE 2021
TOTAL CONDOMINIUMS FOR SALE
2021
2022
225
389
199 E 72.89%
CLOSED SALES
2021
2022
1,274
993
LISTINGS UNDER CONTRACT
2021
2022
1,044
790
790
G 24.33%
MONTHS OF INVENTORY*
1
SELLER'S MARKET
AVERAGE DAYS ON MARKET
993 G 22.06
2021
2022
48
23
23
G 52.08% ©2022 Trendgraphix
MICHAELSAUNDERS.COM INTERNET TRAFFIC UNIQUE PAGEVIEWS
TOP SEARCHES BY STATE
Past 12 months
Florida
United States
New York
Canada
Illinois
United Kingdom
Virginia
Ireland
Ohio
Sweden
4,586,103 * Based on Q1 2022 housing inventory. Seller's market = 0 to 3 months inventory. Neutral market = 3 to 6 months inventory. Buyer's market = 6+ months inventory.
TOP SEARCHES BY COUNTRY