SunCoast Realty Group LLC

Manatee County April Market Report

April 2020 Manatee County Real Estate Market Update

April 2020 is was Neutral market for Manatee County! The number of for sale listings was down 11.8% from one year earlier and down 6.4% from the previous month. The number of sold listings decreased 29.1% year over year and decreased 30.5% month over month. The number of under contract listings was down 12.8% compared to previous month and down 41% compared to previous year. The Months of Inventory based on Closed Sales is 4, up 24.6% from the previous year.

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The Average Sold Price per Square Footage was up 1.1% compared to previous month and up 1.1% compared to last year. The Median Sold Price increased by 6.1% from last month. The Average Sold Price also increased by 5.4% from last month. Based on the 6 month trend, the Average Sold Price trend is “Neutral” and the Median Sold Price trend is “Neutral”.

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The Average Days on Market showed a downward trend, a decrease of 22.4% compared to previous year. The ratio of Sold Price vs. Original List Price is 94%, an increase of 1.1% compared to previous year.

2020 April Manatee County Home & Condo Statistics

April 2020 Change from April 2019 Change from March 2020
Average single family home sales price $408,000 Up 10.6%  Up 1.7%
Average condominium sales price $271,000 Up 15.8% Up 11.5%
List to Sale Price Difference 97% Up 1% Same
Average Days on Market 59 Down 17 Down 11
Properties For Sale 2,812 Down 11.8% Down 6.4%
Pending Properties 614 Down 41%  Down 12.8%
Sold Properties 696 Down 29.1% Down 30.5%

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