The latest residential sales data from the Manatee Association of Realtors are in. However, it shows a mixed picture for the Manatee County real estate market in early 2025. Starting with the challenges: average sale prices for single-family homes in Manatee County have decreased about 10% compared to two years ago. Meanwhile, condo prices have fallen approximately 25% over the same period. Compared to last year, single-family home prices dropped 5%, and Manatee County condos are down 12%. Inventory for single-family homes has increased slightly by 2% in the past two years, while condo inventory has remained mostly stable.
On the positive side, inventory is steadily shrinking from recent record highs. Manatee County homes for sale decreased from over 6,500 last summer to approximately 5,800 at the start of 2025. Condo inventory also fell from nearly 2,000 units to around 1,800. The strongest indicator of market momentum is the number of properties under contract: Manatee County condos under contract have surged over 100% compared to two years ago, with a 40% increase just over the past year. Single-family homes under contract showed a modest 3% growth year-over-year, signaling steady demand in the Florida real estate market.
Overall, while Manatee County home values face downward pressure, sales activity is growing—highlighting a strengthening Manatee County housing market and promising opportunities for Florida buyers and sellers alike.
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