SARASOTA, Fla. (January 24, 2024) – The REALTOR® Association of Sarasota and Manatee (RASM)
has published its Year-End 2024 real estate market report, offering an in-depth analysis of key trends
across both counties. Based on data from Florida REALTORS®, the report highlights a market
transitioning toward balance following the significant disruptions of the pandemic years. Increased time
on the market and higher inventory levels signal a normalization, similar to the pre-pandemic market of
2019. However, challenges such as rising insurance costs and the impact of hurricanes on transactions
have added new layers of complexity. Nevertheless, median sale prices remain well above 2019 levels,
reflecting the lasting effects of heightened demand and limited supply during the pandemic. Despite these
stabilizing trends, sellers who bought their homes before 2019 may still have a great chance to benefit
from significant increases in home values, showing that the market continues to offer opportunities for
both buyers and sellers.
RASM MARKET STATISTICS: Year-End 2024 Real Estate Market Report: Trends in Sarasota and Manatee Counties
