Bradenton Area Home Sales Set a Record with Average Home Price $405,500...
On Fire - All of Sarasota County & Manatee County single family home Prices hit another record high
Our Manatee & Sarasota April 2021 local housing numbers surge to new record high prices.
The median sales price for Bradenton area houses reached a record $405,500. It was the first time that the $4000,000 number had been eclipsed, which represents a 19% increase from the same month a year ago.
The median "sale price" is the exact midpoint of all homes that sold during the month.
Overall In Manatee County, single-family sales increased by 69.7 percent to 847 sales, and condo sales increased by 126.8 percent to 415 sales.
In Sarasota County, single-family sales increased by 67.7 percent to 1,060 sales, and condo sales increased by 113.1 percent to 669 sales.
In Sarasota County, the median sales price for single-family homes was $380,000 in April 2021.
When it comes to condos, the median sales price was $235,000 in Manatee and $310,000 in Sarasota.
On the supply side, the combined inventory of both property types in both counties decreased year-over-year by 75.5 percent.
The month’s supply of inventory for single-family homes stayed below one month in April, with an 80 percent decrease to 0.7 months in Sarasota, and an 81.8 percent decrease to 0.6 months in Manatee.
Condo inventory decreased by 80.4 percent to a 0.9-month supply in Sarasota and dropped by 84.1 percent to 0.7 months in Manatee County.
Combined for the two counties in April 2021, the reported median time to contract was seven days for single-family homes and 11 days for condos.
The total number of pending sales across the two-county market increased by 99.2 percent, a complete rebound from the decline in pending sales during the April 2020 lockdown.