Sarasota Real Estate: What September’s Market Data Means for You

If you’re thinking about buying or selling in Sarasota, this is a great time to understand where the market stands! The latest numbers tell us a lot about the trends, from home prices to sales pace, and what it all means for you as a buyer or seller in our beautiful coastal city.

Prices Are Holding Strong—Good News for Sellers

In September, home prices in Sarasota remained steady, meaning demand is still high. For sellers, this translates to a market that still favors you. Sarasota’s draw—from the beaches to the cultural attractions—continues to bring in buyers willing to pay for a piece of paradise. So if you’ve been considering selling, you’re in a solid position to get a good return on your home.

Sales Are Slowing—But Not by Much

While prices are steady, sales are taking a bit longer, giving buyers a little more time to make their decision. This slight cooling can actually benefit both sides: sellers can still enjoy competitive pricing, while buyers don’t feel as much urgency to rush an offer.

Inventory Levels—A Balanced Market on the Horizon?

Inventory is beginning to increase, creating a more balanced environment. This is a great sign for buyers who want more options. If you’re shopping for a home in Sarasota, you might start seeing a greater selection, letting you find the home that truly fits your needs without compromising.

Mortgage Rates Are Up—Time for a Strategy

Mortgage rates are higher than they’ve been in recent years, which can affect monthly budgets. Buyers might want to lock in rates soon or explore creative financing options. Sellers, this is your chance to emphasize the value and long-term investment potential of your home to buyers wary of interest costs.

Days on Market—An Indicator of What’s to Come

Homes are sitting on the market a bit longer than before, signaling a shift from a seller's market to a more balanced one. For buyers, this means you might not need to make snap decisions or bid over the asking price. Sellers, it’s a reminder to make your listing shine with staging, professional photography, and competitive pricing.

What’s the Bottom Line?

Sarasota’s market is strong, vibrant, and steady. Sellers, you’re in a great spot with continued interest and competitive prices. Buyers, you’re seeing more options and time to make thoughtful choices. Whether you're buying or selling, The Thompson Group is here to help you navigate Sarasota’s unique real estate landscape with confidence.