The following report, information and statistics are from the  Realtor Association of Sarasota and Manatee   as published for their Realtor Membership on August 18, 2022 for closed July 2022 business.

Closed Sales Decrease in Sarasota and Manatee as Inventory Continues to Grow

SARASOTA, Fla. (August 18, 2022) – The inventory of active listings in the two-county region continues to increase year-over-year in July 2022. According to data from Florida REALTORS® and compiled by the REALTOR® Association of Sarasota and Manatee (RASM), closed sales have once again decreased overall, while the month supply of inventory increases, along with the median time to contract. Another month of record-high prices coupled with the rising mortgage rates point to…

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