May 2026 · Single-Family Homes
Southwest Florida Metro Market Report
Source: Florida REALTORS® / Stellar MLS — North Port-Sarasota-Bradenton MSA
Median Sale Price
$467,750
-1.5% vs. May 2025
Closed Sales
1,627
+3.4% vs. May 2025
Median Time to Contract
49 Days
-2 days vs. May 2025
Months of Inventory
4.4
Down from 5.9 last year
Dollar Volume
$1.1B
+7.5% vs. May 2025
List Price Received
94.8%
+1.2 pts vs. May 2025
The month in review
The broader Southwest Florida single-family market held steady in May with a near-flat 1.5% median dip to $467,750 — essentially a rounding error after April's 5.4% surge. The real story is in volume and demand: dollar volume climbed 7.5% to $1.1 billion, average sale price rose 4.0% to $670,743, and new pending sales jumped 15.3% to 1,647 transactions. Sellers are capturing 94.8% of their original list price, up 1.2 points from last May.
The metro-wide inventory decline is dramatic. Active listings dropped 19.4% year-over-year to 5,931 homes — nearly 1,400 fewer options for buyers than a year ago. Months of supply collapsed from 5.9 to 4.4, a 25% drop that puts the entire MSA firmly in seller-favorable territory. Homes are going under contract in 49 days, 2 days faster than last May, and pending inventory is up 17.7%. The Q1 price correction was a brief pause, not a trend — the metro is absorbing inventory faster than it's being replenished, and pricing power is shifting back to sellers.
If you’re buying
Nearly 1,400 fewer homes are available today than a year ago across the metro, and pending sales are up 15%. The brief window of elevated inventory and buyer leverage from late 2025 has closed. Come prepared: pre-approval, realistic budget, and a willingness to act on day one. The homes moving fastest are priced under $500K in Lakewood Ranch, Parrish, and east Sarasota County.
If you’re selling
The metro data confirms what the county-level numbers hinted at: this is a seller's market again. Supply at 4.4 months, inventory down nearly 20%, and you're keeping more of your asking price than at any point in the past year. The data supports listing now — summer demand is strong, competition is low, and the pending-sales pipeline at +15% signals continued momentum. Price right and you'll 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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