🚨 The Sarasota and Manatee housing market has taken a sharp turn—and the numbers don’t lie.

As of April 2025, we’ve officially entered a neutral market—but momentum is leaning heavily toward buyers. If you're thinking about buying or selling a home, this report is your wake-up call.

Let’s unpack the biggest shifts and what they mean for your next move.

📊 1. Inventory Is Up—Way Up

• Active listings have jumped 32.5% compared to April 2024.
• Month-over-month growth slowed to just 0.2%, signaling stabilization.

🎯 Takeaway: Buyers now have far more choices. For sellers, standing out requires top-tier marketing, staging, and sharp pricing.

📉 2. Sales Are Cooling Off

• Closed sales: Down 5% YoY to 2,219 units
• Month-over-month: Small 0.3% increase

📌 What it means: Demand has cooled, but hasn’t collapsed. The market may be settling into a slower, more deliberate pace.

🔮 3. Pending Sales = Warning Sign

• Pending sales dropped 5.9% from March
• Down 1% year-over-year

💡 This metric shows future sales trends—and right now, buyer activity is shrinking, even with more homes available.

💸 4. Home Prices Have Declined—Sharply

• Median sale price: $402,000 ↳ Down 14.5% YoY and 4.3% MoM
• Average price per square foot: $308 (↓14.9% YoY)

🏠 This is real depreciation—not just a blip. For sellers, this means adjusting expectations. For buyers? This is your affordability comeback moment.

⏱ 5. Homes Are Sitting Longer

• Average days on market: 83 (↑20.3% YoY)
• Sold-to-original list price ratio: 90%

↳ Sellers are accepting 10% under asking on average.

📌 Strategy is everything now: Sellers need to price right from day one.

⚖️ 6. Market Status: NEUTRAL—but Leaning Buyer

• Months of inventory: 5.7 months

↳ Neutral market range = 3–6 months
But trends are pushing us closer to buyer territory.

🧠 What Should Buyers & Sellers Do Now?

💼 Sellers:

• Price realistically—not emotionally
• Invest in top-tier staging & marketing
• Prepare for negotiations—you’ll likely settle 10% below asking

🛍️ Buyers:

• You now have leverage—use it
• Don’t delay on homes you love, but feel empowered to negotiate
• The market is more balanced, but trending your way

📺 Watch the Full May Video Update

🎥 We go even deeper in our latest video breakdown.

👉 Watch here

🤝 Let’s Talk Strategy

Whether you're buying, selling, or just watching the market, a data-driven strategy is your edge.

Contact Team Renick today for a personalized market analysis tailored to your goals.

Click Here for Past Episodes:

https://www.teamrenick.com/mikes-market-update