Market Report
TRI-COUNTY
SARASOTA MANATEE CHARLOTTE
TRI-COUNTY MARKET INSIGHTS
• While inventory steadily climbed throughout 2022, from a 0.8-month to 2-month supply for single-family homes and 0.8 to 1.6-month supply for condominiums, it remained in a seller’s market for the year (less than 3 months of inventory).
• Active listings surged, with single-family homes for sale climbing nearly 100% and condominiums increasing 22% for the year.
• Fewer homes were sold in 2022, with single-family sales falling 20% and condominium sales dropping 27%; pending sales in both categories also went down.
• While average days on market decreased by 12% for single-family homes and 29% for condominiums for the year, there was an upward trend in days on market during the second half of 2022.
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.
LeadingRE Keller Williams Coldwell Banker Compass Berkshire Hathway HS Exp Realty Sotheby's International Remax Century 21 Homesmart International 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 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 here in. NETWORKS, FRANCHISES & COMPANIES 2021 U.S. HOME SALES VOLUME AMONG THE TOP 500 U.S. REAL ESTATE FIRMS. $405 $353 $317 $251 $139 $132 $115 $113 $39 $35
MARKET SNAP SHOT 2022 MARKET REPORT
SARASOTA, MANATEE & CHARLOTTE COUNTIES
SINGLE FAMILY HOMES | JANUARY - DECEMBER 2021 VS. JANUARY - DECEMBER 2022
35,803
LISTINGS UNDER CONTRACT LISTINGS UNDER CONTRACT
18,467
MONTHS OF INVENTORY* MONTHS OF INVENTORY*
2.0 1.6 CLOSED SALES
19,280
7,515
CLOSED SALES 5,637 G27.4% 7,767 ©2022 Trendgraphix ©2022 Trendgraphix 28 AVERAGE DAYS ON MARKET G 12.1% 32 28 2022 2021 29 AVERAGE DAYS ON MARKET 2021 2022 G29.4% 41 29 2021 2021 2021 2021 2021 2021 2022 2022 2022 2022 2022 2022
5,369 TOTAL HOMES FOR SALE TOTAL CONDOMINIUMS FOR SALE
CONDOMINIUMS | JANUARY - DECEMBER 2021 VS. JANUARY - DECEMBER 2022 35,803 7,515 19,280 18,467 5,369 E 99.7% E21.6% G 20.1% G 23.3% G30.5% SELLER'S MARKET SELLER'S MARKET 17,931 6,182 24,120 24,077 7,730
SARASOTA, MANATEE & CHARLOTTE COUNTIES
5,637