Sarasota Real Estate Report March 2026

The following report, information and statistics are from the Realtor Association of Sarasota and Manatee Board of Realtors as published for the Realtor Members on April 17, 2026 for closed March 2026 Business.

March 2026 Real Estate Report

SARASOTA, Fla. (April 17, 2026) – The REALTOR® Association of Sarasota and Manatee (RASM) has released its March 2026 real‑estate market report, highlighting shifts across property types and counties. The housing market across Sarasota and Manatee Counties continues to challenge traditional expectations, as rising sales activity coincides with tightening inventory and steady prices. Closed sales increased year-over-year in both single-family homes and the condo and townhouse segment, while inventory declined significantly, signaling that demand continues to outpace supply.

Palmer Ranch Homes and Condos for Sale

Despite these conditions, prices have remained relatively stable. Median sale prices rose modestly, but not at a pace that reflects the strength in sales, suggesting that sellers are reaching a pricing ceiling. At the same time, longer days on market indicate that buyers are taking a more deliberate approach, carefully evaluating options and negotiating terms rather than reacting to urgency.

This dynamic points to a market where demand is active but disciplined, with buyers increasingly setting the upper limits of pricing, even as inventory tightens and competition persists.

“We are continuing to see increased demand across both counties and across multiple property types, with buyers taking a more calculated approach to their purchasing decisions,” said David Crawford, 2026 RASM President. “Today’s buyers are focused on value and are approaching the process with less emotion and a more strategic, data-driven mindset.”

Key Trends in Sarasota/Manatee March 2026:

Shrinking Inventory: Inventory declined across all areas and property types, as homes are selling faster than new listings are entering the market.
Sales Growth: Sales activity is increasing, with more homes closing compared to last year. Buyer demand remains steady and continues to support market activity
Price Stabilization: Prices are holding relatively steady. Despite increased sales, sellers are facing limits on how much they can raise prices, as buyers remain cautious.
Longer Days on Market: Homes are taking longer to go under contract. Buyers are moving more carefully, taking time to evaluate options and negotiate terms before making a decision.

Single-Family Homes

In Sarasota County, March recorded 890 closed single-family sales, an increase of 8.9 percent compared to the same month last year. The median sale price increased 3.3 percent to $485,000, suggesting that some buyers may be reaching affordability limits.

Cash buyers accounted for 42.0 percent of transactions, with 374 cash sales recorded during the month. Sellers received a median of 93.8 percent of their original list price.

Lakewood Ranch Homes and Condos for Sale

Inventory levels declined, with active listings falling 24.0 percent to 3,351 homes. This represents a 4.8- month supply of inventory. Homes spent a median of 49 days on the market before going under contract and took about 88 days to close.

In Manatee County, single-family home sales rose 21.9 percent year-over-year, reaching 814 closed sales in March. The median sale price decreased 2.4 percent to $494,205 year-over-year.

Cash transactions accounted for 256 sales, or about 31.4 percent of sales. Sellers received a median of 94.4 percent of their original list price.

Active inventory declined 8.1 percent to 2,991 listings. This represents a 4.7-month supply of homes. Properties spent a median of 51 days on the market before going under contract and approximately 102 days to close.

Townhomes and Condos

The condo and townhome market in Sarasota County experienced strong growth in March, with closed sales increasing 40.4 percent year-over-year to 455 transactions. The median sale price increased slightly by 3.8 percent to $359,500. Cash transactions remained dominant, representing 65.5 percent of sales with 298 cash purchases. Sellers received a median of 92.3 percent of their original asking price.

Siesta Key Homes and Condos for Sale

Active inventory decreased by 11.9 percent to 2,392 units, representing an 8.1-month supply of inventory. Properties spent a median of 65 days on the market before going under contract and about 104 days to close.

In Manatee County, condo and townhome sales increased by 12.0 percent year-over-year, totaling 336 closed transactions. The median sale price fell 11.3 percent to $300,000. Cash buyers accounted for 55.1 percent of purchases, or 185 transactions. Sellers received a median of 92.9 percent of their original list price.

Active inventory declined 12.1 percent to 1,597 units, equal to a 7.1-month supply of homes. Properties spent a median of 61 days on the market before going under contract and about 105 days to close.

Summary

In March 2026, four key trends are defining the current market. Inventory is shrinking across property types, sales activity is increasing, prices have stabilized, and buyers are leveraging time as a primary negotiating tool.

The data suggests a shift away from a fast-moving, seller-driven environment toward a more balanced and strategic market. While demand remains strong, buyers are exercising patience and control, using longer decision timelines and, in many cases, cash offers to strengthen their position.

Market conditions can vary significantly between neighborhoods and property types, making it essential to analyze the data at a hyper-local level. For both buyers and sellers, success will depend on understanding these shifts and adjusting strategies accordingly. Working with a REALTOR® who
understands these evolving market conditions can provide the guidance and expertise needed to navigate
today’s complex housing landscape.

Monthly reports are provided by Florida Realtors® with data compiled from Stellar MLS. For comprehensive statistics dating back to 2015, visit www.MyRASM.com/statistics .