Sarasota-Manatee home prices flat in 2023, but expect growth in 2024

A file photo of a home for sale on Maximo Rd. in North Port, Florida in April 2022 The Realtor Association of Sarasota Manatee released last week its monthly housing market report that tracks both Sarasota and Manatee counties housing statistics.

After back-to-back double-digit yearly growth coming out of the pandemic, real estate prices in Sarasota-Manatee will round out the year mostly flat.

The most recent statistics available from the Realtors Association of Sarasota and Manatee reported the median single-family home sold for $495,000 in November while the median in 2022 was $500,000, a decrease of 1%.

On the year, prices remain up 1% even though the number of homes for sale has climbed by more than 1,300 active listings, with about 4,800 single-family homes currently for sale in the two-county region.

The number of single-family homes for sale at the end of 2021 sat at just 1,024, according to RASM statistics.

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