May 2026 · Townhouses & Condos
Manatee County Market Report
Source: Florida REALTORS® / Stellar MLS
Median Sale Price
$297,000
-5.1% vs. May 2025
Closed Sales
288
+8.7% vs. May 2025
Median Time to Contract
61 Days
+1 day vs. May 2025
Months of Inventory
6.3
Down from 7.9 last year
Cash Sales
51%
147 of 288 sales
Dollar Volume
$98.5M
+7.6% vs. May 2025
The month in review
Manatee County condos gave back some of April's gains in May, with the median falling 5.1% year-over-year to $297,000 — down from April's $320,000 bounce. But volume tells the real story: closed sales rose 8.7% to 288 transactions and dollar volume climbed 7.6% to $98.5 million. More units are moving at slightly lower price points, which isn't panic selling — it's healthy absorption of the inventory overhang from 2025.
The supply picture continues to improve dramatically. Active listings dropped 16.9% to 1,452 — the steepest inventory decline of any condo segment in the region. Months of supply fell from 7.9 to 6.3, approaching balanced territory. New listings plunged 23.1%, meaning sellers who were going to list have largely already done so. Cash buyers account for 51% of closings. The condo recovery in Manatee is lagging Sarasota by a month or two, but the trajectory — rising volume, falling inventory, tightening supply — is unmistakable.
If you’re buying
Manatee condos are the value play right now — $297K median is the lowest in the metro and inventory is dropping fast (-17% YoY). New listings just fell 23%, so the selection you see today is shrinking. If you're looking for a condo under $350K with solid building financials, this is the window. Don't wait for a further price drop when supply is contracting this fast.
If you’re selling
The median is still under pressure, but the volume and inventory trends are moving in your favor. Sales up nearly 9%, inventory down 17%, and new listings dropping 23% — your competition on the market is shrinking rapidly. The key is pricing: at $297K median, buyers are value-conscious. Price to the current market, not to where you wish it was, and you'll attract the active cash and financed buyers who are clearly in the market.
Market data is sourced from the MLS and local REALTOR® association reports and is deemed reliable but not guaranteed. Figures reflect the stated property type and area for the period indicated and are provided for general informational purposes only — they are not an appraisal, a guarantee of value, or investment advice. For an analysis specific to your property, request a custom report.
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