Are Sarasota Home Prices Falling?

Below are real estate statistics for December 2022. Specifically, we look at median sales price, total sales dollar volume, months of inventory and closed sales.  Take a look at the rate of change from December 2021 to December 2022. 

In a nutshell, prices are flat to up, months of inventory have risen, and the number of sales have dropped. 

December 2022 Longboat Key Real Estate Statistics

Longboat Key

Median sales price $910k up 4%
Sales dollar volume $35.7M down 41%
Months of inventory 5 up 200%
Closed sales 27 down 46%

Active Longboat Key Listings


December 2022 Lido Key, Bird Key & Downtown Sarasota Real Estate Statistics

Lido Key/Bird Key/Downtown Sarasota (34236)

Median sales price $900k down 1.6%
Sales dollar volume $44M down 50%
Months of inventory 6 up 200%
Closed sales 27 down 45%

Active Lido Key/Bird Key/Downtown Sarasota Listings


December 2022 Siesta Key Real Estate Statistics

Siesta Key

Median sales price $1.02M up 21.8%%
Sales dollar volume $49M down 48.5%
Months of inventory 5 up 400%
Closed sales 34 down 52.7%

Active Siesta Key Listings


December 2022 Palmer Ranch Real Estate Statistics

Palmer Ranch

Median sales price $575K up 1%
Sales dollar volume $28M down 26%
Months of inventory 2 up 100%
Closed sales 52 down 35%

Active Palmer Ranch Listings


December 2022 Lakewood Ranch Real Estate Statistics

Lakewood Ranch

Median sales price $592K up 3%
Sales dollar volume $86M down 14%
Months of inventory 5 up 400%
Closed sales 126 down 17.6%

Active Lakewood Ranch Listings

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