Manatee County saw another super-heated sales month in September for existing single-family homes with the median price rising by $35,000 to $350,000, compared to the same month in 2019.
The median is the midpoint of all sales prices. Half the homes sold for more, half for less.
Homes were not only bringing higher prices in September than a year earlier, they were also selling faster: 23 days to contract, compared to 43 days in 2019, according to the Realtor Association of Sarasota and Manatee.
There were 730 new pending sales in September, compared to 492 a year earlier, further depleting inventory and making the Bradenton area even more of a seller’s market. A balanced market is considered one with six months of inventory. There were 1.9 months of inventory in the Bradenton area in September, compared to 3.3 months of inventory a year earlier.
Buyers’ appetite for Bradenton area