While new listings were down YoY in May, we saw both closed sales and overall inventory rise when compared to May of 2022. The lower half of the market seems to be more active this year as the median sales price is finally moving down a bit. While I would like to see listings and inventory continue to rise, the market is continuing to look healthier now than it did a year ago. It is a reasonable time to be a buyer or seller in Manatee County. See the infographic below from Florida Realtors for more.
