May 2026 · Townhouses & Condos
Sarasota County Market Report
Source: Florida REALTORS® / Stellar MLS
Median Sale Price
$336,829
+4.9% vs. May 2025
-0.2% vs. April 2026
Closed Sales
371
+8.5% vs. May 2025
-16.6% vs. April 2026
Median Time to Contract
67 Days
+8 days vs. May 2025
Unchanged vs. April 2026
Months of Inventory
7.1
Down from 9.2 last year
Down from 7.7 in April
Cash Sales
61.5%
228 of 371 sales
-8.5 pts vs. April 2026
List Price Received
91.2%
+1.3 pts vs. May 2025
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 their strongest price growth in May. The median surged 4.9% year-over-year to $336,829, a decisive shift after Q1's 2.8% decline and April's near-flat reading. Closed sales rose 8.5% to 371 transactions, and pending inventory jumped 27.3%, signaling continued momentum into the summer months. Cash buyers remain dominant at 61.5% of closings.
The supply picture is improving rapidly. Months of inventory fell from 9.2 to 7.1, still above balanced territory but the trajectory is unmistakable. Active listings dropped 13.2% year-over-year as demand absorbed available supply. Sellers are now capturing 91.2% of their original list price, up 1.3 points from last May. Homes are taking 67 days to contract, up 8 days from last year, but the 27% surge in pending sales suggests that pace will quicken. The condo correction that dominated 2025 is decisively over, prices, volume, and demand are all moving in the right direction.
If you’re buying
Condo prices just posted their biggest year-over-year gain in the data series at +4.9%. The deep-discount days of late 2025 are fading fast. Pending sales up 27% means more competition ahead. If you're targeting the condo market, focus on buildings with strong reserves and reasonable assessments, those properties are attracting the most buyer interest and holding their values best.
If you’re selling
The turnaround is here. After nearly a year of price declines, May's 4.9% median gain confirms the condo market has turned a corner. Buyer demand is surging with pending sales up 27%, and you're keeping more of your asking price than a year ago. Lead with your building's financial health, reserve studies, insurance costs, assessment history, and price competitively. Well-positioned condos in strong buildings are the first to move.
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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