As the holiday season approaches, the Sarasota-Bradenton real estate market takes on its own unique rhythm. While things traditionally slow down a bit at this time of year, there are still notable trends shaping the market. Here’s a quick update as 2024 winds down.
Market Trends This Season
Prices Are Cooling Slightly
The median sale price for single-family homes in Manatee County stood at $470,000 in October, marking a 6.7% decrease from last year—a sign of the market finding balance after the post-pandemic boom. For buyers, this offers more room for negotiation, while sellers can still leverage strong demand for homes in this desirable area.
Inventory Remains Tight
Despite slight improvements in inventory compared to earlier in the year, levels remain below pre-pandemic norms. This means buyers and sellers active during the holidays often find themselves with reduced competition, creating opportunities for decisive moves.
Why the Holidays Matter in Real Estate
Serious Buyers and Sellers
The holiday season tends to attract only the most motivated participants in the market. Whether it’s due to job changes, relocations, or other pressing reasons, buyers and sellers active now are often on tight timelines, which can lead to more straightforward negotiations.
Interest Rates Are Stabilizing
After years of volatility, mortgage rates are starting to level out. While higher than the record lows of the pandemic, they remain manageable historically. Locking in a rate now could be a smart move for buyers who want to avoid potential increases in 2025.
How Our Team Stays Ready for You
The team is always ready to help—even during the holidays. Just last Christmas, Joe received a call to show a house. These moments are a testament to our commitment to being there for you when it matters most. Helping someone find their dream home, no matter the season, is why we do what we do.
As we head into 2025, we’re excited about the future of Sarasota and Bradenton. The region continues to attract interest with its vibrant communities and natural beauty, ensuring its lasting appeal in the real estate market.
Stay Connected With Us
We’re here to provide timely insights and personalized advice—whether you’re actively buying, selling, or just staying informed. Visit our website for regular updates, or reach out directly if you’d like to chat.
All of us with The Joe Murphy wish you a happy holiday season filled with warmth, family, and maybe even the perfect new home.
The Joe Murphy Team
