SARASOTA, Fla. (December 19, 2024) – The REALTOR® Association of Sarasota and Manatee
(RASM) has released its November 2024 real estate market report, detailing key trends across Sarasota
and Manatee Counties. Based on data compiled by Florida Realtors®, the housing market in Manatee and
Sarasota Counties shows a clear slowdown, with fewer sales, lower prices, and longer times to sell. There
are more homes for sale, and buyers aren’t competing as much, shown by sellers getting lower offers
compared to their original asking prices. This change is partly due to high mortgage rates, inflation, and
homes becoming less affordable, which has made buyers more cautious. The usual seasonal slowdown in
real estate, along with the market adjusting after the pandemic boom, is also playing a role. Sellers now
have to wait longer to find buyers, but buyers have more options and slightly better prices. These changes
mark an important shift toward a different phase in the local housing market. In this evolving market,
working with a REALTOR® is essential to navigating these complexities, whether you’re buying or
selling, to ensure you make informed decisions and achieve the best possible outcome.
