October Home Sales Indicate a Move Toward Pre-Pandemic Levels              
The latest data for the Sarasota and Manatee housing market has continued to show healthy growth, with closed sales and the months’ supply of inventory more comparable to pre-pandemic levels. According to the data from Florida REALTORS®, the median price for single-family homes in Sarasota County has reached a record high of $537,500 in October. The housing demand reflected in October could be due to many factors, including buyers coming from areas that were more heavily impacted by Hurricane Ian.

The total number of closed sales across the region was 1,542 in October, a 24.3 percent decrease from last year. When compared to September 2022, closed sales for both property types in the two-county region increased by 22.1 percent due in part to Hurricane Ian’s disruption at the end of September, pushing more sales into October
Closed sales for single-fam. ...