TRI-COUNTY MARKET INSIGHTS
SECO N D QUARTER 2022
Market Report MANATEE COUNTY
•
Inventory continues to increase across our region. Prospective buyers who have been frustrated by a lack of inventory are now incentivized to move back into the market with more choices. Buyer demand remains steady in our market even with increases in mortgage rates, which are still below historical averages.
•
Inventory across the region remained below a 2-month supply but was up significantly yearover-year signaling a movement towards a more normalized market.
•
Single-family active listings jumped 145.7% and condominium listings rose 74.4%.
•
Single-family home sales decreased 13.2% and condominium sales dropped 19.76%.
•
As the pace of sales have cooled down across our region, Sellers will need to be prepared to make adjustments to meet the current market landscape.
INDUSTRY-LEADING SALES As a member of Leading Real Estate Companies of the World,® Michael Saunders & Company is a global — not just local — real estate company working on your behalf. In 2021, LeadingRE’s invitation-only network was responsible for $405 billion in annual home sales volume among the top 500 U.S. real estate firms.
NETWORKS, FRANCHISES & COMPANIES
2021 U.S. HOME SALES VOLUME AMONG THE TOP 500 U.S. REAL ESTATE FIRMS.
LeadingRE
Keller Williams
$405 $353
Coldwell Banker Compass
$317
$251
Berkshire Hathway HS Exp Realty
$139
$132
Sotheby's International
$115
Remax Century 21 Homesmart International
$113 $39
$35
Volume shown in billions of dollars. For informational purposes only. In compiling this report, LeadingRE relies on third party sources. The information set forth in the chart is sourced from REAL Trends Top 500 for 2021, realtrends.com. Neither LeadingRE nor its member companies are responsible for the accuracy of third-party data presented here in.
S ECO N D Q UA RT ER 202 2
M A R K E T R EP O RT
MANATEE COUNTY SINGLE FAMILY HOMES | APRIL - JUNE 2022 VS APRIL-JUNE 2021
TOTAL HOMES FOR SALE
2021
2022
375
1136
LISTINGS UNDER CONTRACT
1,136 E 202.93%
CLOSED SALES
2021
2022
2,205
1,918
2021
2022
2,0,26
1,711
MONTHS OF INVENTORY*
1,711 1.3 G 15.55%
SELLER'S MARKET
AVERAGE DAYS ON MARKET
1,918 G 13.02%
2021
2022
31
17
17
G 45.16%
©2022 Trendgraphix
MANATEE COUNTY CONDOMINIUMS | APRIL - JUNE 2022 VS APRIL-JUNE 2021
TOTAL CONDOMINIUMS FOR SALE
2021
2022
108
196
112 E 81.48%
CLOSED SALES
2021
2022
757
628
LISTINGS UNDER CONTRACT
2021
2022
644
538
538
G 16.46%
MONTHS OF INVENTORY*
0.8
SELLER'S MARKET
AVERAGE DAYS ON MARKET
628 G 27.12%
2021
2022
32
14
14
G 56.25%
©2022 Trendgraphix
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