Sarasota Real Estate Market Update – February 2026 Data (March 2026 Update)
If you’ve been following the market updates, you know that the Sarasota real estate market is anything but one-size-fits-all right now. One of the most important things to remember is that Sarasota County covers a very large geographic area, and real estate here is extremely hyper-local. What’s happening in one neighborhood, price point, or property type may look completely different just a few miles away.
That’s exactly what we’re seeing in the latest February 2026 data released by the REALTOR Association of Sarasota and Manatee (RASM).
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A Market Moving in Different Directions
Across Sarasota County and Manatee County, the market is shifting slightly depending on the type of property.
Single-family homes are performing differently from condos and townhomes, and even the two counties are moving in separate directions.
In Sarasota County, the single-family market showed some cooling compared to last year. February recorded 625 closed sales, up about 6% year-over-year, but the median sale price dipped slightly to $475,000, suggesting affordability is starting to influence buyer decisions. Homes are taking longer to sell, with a median of 59 days on market, and sellers are typically receiving about 94% of their list price.
Inventory remains relatively balanced, with roughly a 5-month supply of homes. Interestingly, cash buyers made up nearly half of all purchases, highlighting continued interest from second-home buyers, investors, and relocation buyers who can move quickly.
Condos and Townhomes Gaining Momentum
One of the biggest shifts in Sarasota County is the surge in condo and townhome activity.
Sales in this segment jumped nearly 36% year-over-year, with 322 transactions closed in February. The median sale price came in around $330,000, slightly lower than last year, which may be attracting buyers looking for more attainable price points or a lower-maintenance lifestyle.
Inventory is higher in this segment, with an 8.6-month supply, giving buyers more negotiating power than we’ve seen in recent years. Cash buyers dominate here as well, accounting for roughly 68% of condo and townhome purchases.
Manatee County Showing a Different Trend
Meanwhile, Manatee County’s single-family market is still seeing growth. Sales rose 10% year-over-year, and the median price increased to about $489,634, showing continued demand despite higher prices.
Condo and townhome sales in Manatee slowed somewhat, but pending sales are rising—often a signal that activity could strengthen in the coming months.
What This Means for Buyers and Sellers
The biggest takeaway from the February 2026 data is simple:
There isn’t just one market right now.
Some areas and property types are leaning toward a buyer’s market, while others still favor sellers. Inventory levels, pricing trends, and demand can vary dramatically depending on the neighborhood, property type, and price point.
On top of that, we’re navigating a time that feels fluid not only in real estate but across the country as a whole. Buyers and sellers alike are trying to time their decisions wisely.
That’s why understanding your specific micro-market matters more than ever.
The Importance of Local Expertise
Whether you’re considering buying, selling, or simply evaluating your options, the right strategy depends on your exact property type, neighborhood, and timing goals.
Sometimes the right move is listing now.
Sometimes it makes sense to wait.
And sometimes a small pricing or marketing adjustment can make a huge difference.
Aligning with a long-time veteran agent who understands the nuances of this market can provide clarity—and peace of mind—so you can make the right decision with confidence.
If you’re curious how these trends apply to your specific home or buying goals in Sarasota, I’m always happy to help you navigate the details.
SHAYLA TWIT
CLHMS | GUILD Luxury Market Expert
Corcoran Dwellings
1947 Ringling Blvd
Sarasota, FL 34236
c 941-544-7690
shaylatwit@gmail.com
