July 2026 · Condos & Townhomes
Sarasota County Market Report
Source: Florida REALTORS® / Stellar MLS (RASM, released August 17, 2026)
Median Sale Price
$340,000
+13.3% vs. July 2025
-1.1% vs. June 2026
Closed Sales
318
+33.1% vs. July 2025
-12.6% vs. June 2026
Median Time to Contract
92 Days
+27.8% vs. July 2025
+21 days vs. June 2026
Months of Inventory
5.6
Down from 7.5 last year
Down from 6.3 in June
Cash Sales
59.7%
190 of 318 closings
+0.6 pts vs. June 2026
List Price Received
90.8%
+2.5 pts vs. July 2025
-1.2 pts vs. June 2026
The second line, where shown, compares to the immediately prior published period and is not seasonally adjusted, Southwest Florida real estate moves with the calendar, so a single-period swing can reflect the time of year as much as the underlying market.
The month in review
Sarasota County condos posted the largest sales jump of any segment, up 33.1% year-over-year to 318 closings, with the median price up 13.3% to $340,000. Active inventory fell 10.9% to 1,782 units and months of supply improved to 5.6 from 7.5.
The headline averages need context. The average sale price rose 62.7% to $610,513 and dollar volume rose 116.5% to $194.1 million, but that is driven by the luxury tier rather than the broad market: the county recorded 41 sales at $1 million or more, up from 12 a year earlier. At the same time buyers are taking longer to commit, with median time to contract stretching to 92 days from 72.
If you’re buying
This is the most nuanced segment in the region. Supply is tightening and prices are up, yet time to contract stretched three weeks and sellers are still conceding 9.2% off original asking, the widest gap of any segment. Buyers have real room to negotiate here, particularly outside the luxury tier. Building financials, reserves, insurance, and assessment history remain the difference between a unit that holds value and one that does not.
If you’re selling
Sales volume is up a third year-over-year, so demand is genuinely back. But 92 days to contract and 90.8% of original list price say buyers are still evaluating carefully. Lead with your building's financial health, reserve study, insurance posture, and assessment history. That documentation now moves condos faster than cosmetic updates do.
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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