Sarasota, FL Housing Market Report

The Sarasota real estate market is currently undergoing a significant correction, transitioning firmly into territory that favors buyers. As of December 2025, the median home value has retreated to $406,787, representing a notable 9.01% decline compared to the previous year. This downward trajectory is supported by a steady increase in active inventory, which now stands at 9,565 units. With more options available and less competition, the balance of power has shifted away from sellers who dominated the market in previous years.

Price trends over the last six months illustrate a consistent cooling period, with values dropping every month since July 2025. This deceleration is driven by a combination of increased supply and a slowdown in buyer urgency, evidenced by the fact that homes are now sitting on the market for an average of 93 days—over two weeks longer than they did a year ago. The sale-to-list ratio of 0.96 further indicates that buyers are successfully negotiating prices below the original asking amount, a clear sign of a cooling metropolitan area.

Looking ahead, the North Port-Sarasota-Bradenton metro area appears to be stabilizing at a lower price floor. For prospective buyers, the current environment offers the best negotiating leverage seen in several seasons, though they should remain mindful of the broader economic climate. Sellers, on the other hand, must be prepared for longer wait times and must price their properties aggressively to compete with the growing inventory. The rental market is mirroring this softening trend, with median rents dipping 2.72% to $2,181, suggesting that the overall housing demand in the region is reaching a point of equilibrium.