Tag: Bradenton

Inventory for single-family homes crossed the six-month threshold in February. In other words, at the current pace of sales, it will take over six months to run out of homes to buy if no new listings appear. Many experts believe that is when a market officially turns into a buyer’s market.

As we are approaching the end of our busy season, it sure feels like buyer leverage is increasing in Manatee. That said, leverage for buyers is greater at the higher end of the market than the lower end. I continue to recommend that sellers put their best foot forward to help ensure they get the outcome they desire because it is not as easy to sell your home as it was a year ago. The infographic below from Florida Realtors offers more detailed information.

While closed sales saw solid year-over-year growth in January, they didn’t keep pace with new inventory on the market. Accordingly, the market continued to shift toward buyers in January. It is still relatively balanced, but it is in better shape at lower price points than the higher end of the market. Due to more transactions at the lower to middle end of the market, the median sales price was down a whopping 8.6% when compared to January of 2024. Overall, it feels like opportunities exist for home buyers in the market. The infographic below from Florida Realtors has more data from the month.

Manatee County had a healthy market for single-family home sales in November. As we ramp up for our busy season, everything is shaping up nicely in Manatee. Both buyers and sellers should have some degree leverage this winter as inventory levels remain reasonable while sales are showing solid year-over-year increases. The graphic below from Florida Realtors has more details about November activity.

Closed transactions were down significantly when compared in October when compared to last year. Obviously, this year’s hurricane season played a role in that outcome. The question is whether that will continue. While the likely answer is “yes” to some extent, now is not the time to panic if you need to sell. There is still only around five months of inventory on the market, which means we are dealing with a market that is in balance. It really doesn’t heavily favor buyers or sellers. Putting your best foot forward will be important if you are buying or selling at this time as your leverage will most likely be limited. The infographic from Florida Realtors below contains more.