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
-4.5% vs. April 2026
Closed Sales
1,627
+3.4% vs. May 2025
+6.5% vs. April 2026
Median Time to Contract
49 Days
-2 days vs. May 2025
+4 days vs. April 2026
Months of Inventory
4.4
Down from 5.9 last year
Down from 4.6 in April
Dollar Volume
$1.1B
+7.5% vs. May 2025
List Price Received
94.8%
+1.2 pts vs. May 2025
+0.4 pts vs. April 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
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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