Current Manatee County Real Estate Trends
Manatee County, Florida’s current real estate market trends and statistics for the last 90 days as of 5/2/2024 are as follows:
See Past report for Manatee County market trends March 1, 2024 PDF
– The number of closed sales is 528, which shows a upward trend of 9%.
– Pending sales are currently at 889, which is up by 32%.
– Active listings have increased by 16%, with a total of 3,026 listings.
– The months of inventory have gone up to 5, which is now leveled off.
– The average days on the market is 64, which is up by 15%.
– The sale price to list price ratio is 94%
Manatee County, Florida’s real estate market trends and statistics for the last 90 days as of 5/2/2024 are showing an upward trend in the number of closed sales and pending sales. According to the WPBOR MLS, there were 528 closed sales in the past 90 days, indicating an increase of 9% in comparison to the previous period. Moreover, the number of pending sales has surged by 32%, with a total of 889 pending sales.
More Inventory
In terms of active listings, there has been a significant increase of 16%, with a total of 3,026 listings available in the market. This rise in active listings has resulted in an increase in the months of inventory, which have gone up to 5, showing a leveling off in the market.
The average days on the market has also increased by 15%, with an average of 64 days on the market. This indicates that properties are taking longer to sell than they did in the previous period. However, the sale price to list price ratio has remained steady at 94%.
Overall, the real estate market in Manatee County, Florida is currently favoring both buyers and sellers. If you are looking to sell, now is a good time to list your property, as the number of closed sales and pending sales have increased. On the other hand, if you are a buyer, the inventory is up, but the prices are still holding for now.
Stay Current
It is important to note that these statistics are subject to change, and it is crucial to consult with a real estate professional for the most up-to-date information and guidance.
Source of Stats: WPBOR MLS
