The single-family home market for Manatee County is continuing to find its way towards balance between buyers and sellers. YoY closed sales are still down, but not as much as the rest of the country. Also, median sales prices are continuing to creep up, but at a much more reasonable rate than in 2022. Overall, the market appears very healthy in Manatee. The infographic below from Florida Realtors shows more of the story.
Congratulations to our sellers in Del Webb as they are in contract with less than a week on the market!
Listed at $525,000, this 2-bedroom, 2-bathroom condominium has much to offer. Golf membership included with this beautifully appointed, nearly new Caserta VII condominium by Taylor Morrison Builders. With 1,528 square feet of living space and an open-concept floor plan with soaring ceilings, this home feels spacious and airy and takes full advantage of natural light.
We continued our march towards higher median sales prices in January despite less houses being sold and inventories building. Seeing roughly five months of inventory in the graphic below is a little deceiving as we are entering our busiest transaction time of the year (which will naturally burn through more inventory). As I have been representing a fairly equal amount of both buyers and sellers in 2023, I can tell you that the market actually feels pretty balanced right now. New listings are attracting significant attention; however, buyers have more leverage than at virtually any time in 2022.
Congratulations to our home sellers in University Park Country Club! In contract in under weeks.
