Q3 2026 · Townhouses & Condos
Sarasota County Market Report
Source: Florida REALTORS® / Stellar MLS, Sarasota County (released October 16, 2026)
Median Sale Price
$324,380
+6.4% vs. Q3 2025
-4.6% vs. Q2 2026
Closed Sales
908
+26.8% vs. Q3 2025
-23.1% vs. Q2 2026
Median Time to Contract
86 Days
-1.1% vs. Q3 2025
+13 days vs. Q2 2026
Months of Inventory
4.9
Down from 6.8 last year
Down from 6.3 in Q2
Cash Sales
60.9%
553 of 908 closings
-3.1 pts vs. Q2 2026
List Price Received
92.0%
+3.6 pts vs. Q3 2025
+0.6 pts vs. Q2 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 quarter in review
Sarasota County condos had the region's strongest quarter by volume. Closed sales rose 26.8% to 908 and the median rose 6.4% to $324,380. Supply fell from 6.8 months to 4.9, with active listings down 12.0% to 1,601, and sellers received 92.0% of original list price, up 3.6 points.
The quarter's average sale price of $718,721, up 77.2%, and dollar volume of $652.6 million, up 124.8%, are again the arithmetic of a few very large closings rather than a broad move; the median, up 6.4%, is the figure that describes the typical unit. Time to contract was essentially unchanged at a median 86 days against 87, which is the one metric that did not improve: condos still take about 65% longer to go under contract than single-family homes in the same county.
If you’re buying
This segment has moved further, faster than any other in the region over the past year, from 6.8 months of supply down to 4.9. Value is still here, but it is no longer a market where every seller will negotiate. Make the building's finances, reserves and inspection status your first question, not your last.
If you’re selling
Volume up 27% and the share of asking price up more than three and a half points say demand has returned. The 86-day median to contract says it has not returned evenly. Buildings with funded reserves and completed milestone inspections are selling; the rest are still sitting, and no amount of pricing fixes a document problem.
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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