TH I RD QUARTER 2022
TRI-COUNTY MARKET INSIGHTS
Market Report
• Inventory continued to make significant gains from historic lows edging closer toward a balanced/neutral market. In fact, year-over-year, inventory has doubled across our region. • Currently we are still in a seller’s market but continue to see the signs of more stabilization with building inventory and a deceleration of price appreciation. • In Q3, single-family home inventory soared 237% to a 2.8-month supply, while condominium inventory climbed 141% to a 2-month supply when compared to Q3 2021. • Active listings were on the rise in Q3, up 139% over Q3 2021 for single family homes and 59% for condominiums.
TRI-COUNTY
• Closed sales continued to cool, with single-family home sales falling 21% and condominium sales dropping 26%.
SARASOTA · MANATEE · CHARLOTTE
INDUSTRY-LEADING SALES As a member of Leading Real Estate Companies of the World,® Michael Saunders & Company is a global — not just local — real estate company working on your behalf. In 2021, LeadingRE’s invitation-only network was responsible for $405 billion in annual home sales volume among the top 500 U.S. real estate firms.
NETWORKS, FRANCHISES & COMPANIES
2021 U.S. HOME SALES VOLUME AMONG THE TOP 500 U.S. REAL ESTATE FIRMS.
LeadingRE
Keller Williams
$405 $353
Coldwell Banker Compass
$317
$251
Berkshire Hathway HS Exp Realty
$139
$132
Sotheby's International
$115
Remax Century 21 Homesmart International
$113 $39
$35
Volume shown in billions of dollars. For informational purposes only. In compiling this report, LeadingRE relies on third party sources. The information set forth in the chart is sourced from REAL Trends Top 500 for 2021, realtrends.com. Neither LeadingRE nor its member companies are responsible for the accuracy of third-party data presented here in.
T H I R D Q UA RT ER 202 2
M A R K E T R EP O RT
SARASOTA, MANATEE & CHARLOTTE COUNTIES SINGLE FAMILY HOMES | JULY-SEPTEMBER 2022 VS. JULY-SEPTEMBER 2021
TOTAL HOMES FOR SALE
2021
2022
1,705
4,083
LISTINGS UNDER CONTRACT
4,083
E 139.47%
CLOSED SALES
2021
2022
5,733
4,545
2021
2022
5,369
4,535
MONTHS OF INVENTORY*
4,535
G 15.53%
2.8
SELLER'S MARKET
AVERAGE DAYS ON MARKET
4,545 G 20.72%
2021
2022
23
25
25
E 8.70% ©2022 Trendgraphix
SARASOTA, MANATEE & CHARLOTTE COUNTIES CONDOMINIUMS | JULY-SEPTEMBER 2022 VS. JULY-SEPTEMBER 2021
TOTAL CONDOMINIUMS FOR SALE
2021
2022
444
704
704
E 58.56%
CLOSED SALES
2021
2022
1,477
1,089
LISTINGS UNDER CONTRACT
2021
2022
1,414
1,059
MONTHS OF INVENTORY*
1,059 2 G 25.11%
SELLER'S MARKET
AVERAGE DAYS ON MARKET
1,089 G-26.27%
2021
2022
27
27
27 0%
©2022 Trendgraphix
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