Michael Dailey · Coldwell Banker Realty

Sarasota & Manatee · Q2 2026 Quarterly Market Update

The luxury market breaks out.

Metro-wide, single-family sales of $10 million or more jumped from 1 to 6 transactions this quarter — a 500% increase. Manatee County led every luxury price band. Meanwhile, condo sales rose double digits in every county even as prices held nearly flat.

Q2 2026 luxury snapshot: SW Florida Metro single-family $10M+ sales +500%, $3-4.99M +69.4%, $2-2.99M +65.4%; Manatee County $3-4.99M +107.1%, $2-2.99M +86.7%, $5-9.99M +60.0%

Single-family: broad growth, tight inventory

Manatee County closed 2,376 single-family sales this quarter (+9.8%), at a $479,495 median (+4.2%) — and sellers there captured 95.3% of list price, the strongest ratio in the region. Metro-wide, 4,850 homes closed (+8.6%) at a $480,000 median (+4.3%). Months of supply landed at 4.1 in both — firmly a seller's market.

The luxury breakout

This is the quarter's defining number: metro-wide, single-family sales of $10M+ rose from 1 to 6 transactions (+500%). Manatee's $3M–$4.99M band rose 107.1%, and its $2M–$2.99M band rose 86.7%. Whatever's driving the high end right now, it's showing up hardest in Manatee County.

Q2 2026 condo snapshot: Sarasota median $340,000 (+0.3%), 1,180 closed sales (+17.2%), 32 sales $1.25-1.49M (+100%); Manatee median $306,750 (-1.0%), 854 closed sales (+10.8%), 5.7 months supply; MSA median $324,000 (+1.3%), 2,034 closed sales (+14.4%), 6.1 months supply

Condos: Sarasota leads on volume, luxury doubles

Sarasota condo sales rose 17.2% to 1,180 closings — the strongest volume growth of any segment in the county — while the median held flat at $340,000. Sales between $1.25M and $1.49M doubled. Manatee condos rose 10.8% to 854 closings, with the median nearly flat at $306,750.

For Buyers

Single-family inventory is tight in both counties. Above $2M, expect real competition — several luxury bands more than doubled. Condos still offer more room to negotiate.

For Sellers

A strong quarter across the board, and an exceptional one above $2M. List price received is climbing on both property types — price accurately.
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Michael Dailey · REALTOR®
Coldwell Banker Realty · 8334 Market St, Lakewood Ranch, FL 34202
(941) 350-0224  ·  michael.ryan.dailey@gmail.com

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Source: Florida REALTORS® / Stellar MLS, compiled by the REALTOR® Association of Sarasota and Manatee. Figures reflect Q2 2026 vs. Q2 2025 closed transactions and are deemed reliable but not guaranteed. Sarasota County single-family detail was not yet available at press time.