Market Report

TRI-COUNTY

SARASOTA MANATEE CHARLOTTE

TRI-COUNTY MARKET INSIGHTS

• While inventory steadily climbed throughout 2022, from a 0.8-month to 2-month supply for single-family homes and 0.8 to 1.6-month supply for condominiums, it remained in a seller’s market for the year (less than 3 months of inventory).

• Active listings surged, with single-family homes for sale climbing nearly 100% and condominiums increasing 22% for the year.

• Fewer homes were sold in 2022, with single-family sales falling 20% and condominium sales dropping 27%; pending sales in both categories also went down.

• While average days on market decreased by 12% for single-family homes and 29% for condominiums for the year, there was an upward trend in days on market during the second half of 2022.

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.

MARKET SNAP SHOT 2022 MARKET REPORT

SARASOTA, MANATEE & CHARLOTTE COUNTIES

SINGLE FAMILY HOMES | JANUARY - DECEMBER 2021 VS. JANUARY - DECEMBER 2022

35,803

LISTINGS UNDER CONTRACT LISTINGS UNDER CONTRACT

18,467

MONTHS OF INVENTORY* MONTHS OF INVENTORY*

2.0 1.6 CLOSED SALES

19,280

7,515