THE ZARGHAMI REPORT  4Q23

SARASOTA’S MOST CURRENT AND RELEVANT REAL ESTATE MARKET INFORMATION

Sarasota Overview

Market information for any property with a Sarasota, Longboat Key, or Lakewood Ranch address.
Closed Sales
1,762
COMBINED
992
SINGLE FAMILY
770
CONDOS / TOWNHOMES / VILLAS
Quarter-Over-Quarter
Year-Over-Year
Sales & Inventory by Price Point
SALES
INVENTORY
Sales by HLA
KEYS
CENTRAL
WEST
EAST
Median Price
$610,000
COMBINED
$666,995
SINGLE FAMILY
$520,000
CONDOS / TOWNHOMES / VILLAS
Quarter-Over-Quarter
Year-Over-Year
Average Price
$858,460
COMBINED
$893,409
SINGLE FAMILY
$813,434
CONDOS / TOWNHOMES / VILLAS
Quarter-Over-Quarter
Year-Over-Year
Inventory
2,646
COMBINED
1,359
SINGLE FAMILY
1,287
CONDOS / TOWNHOMES / VILLAS
Quarter-Over-Quarter
Year-Over-Year

WHAT DO THESE NUMBERS 
MEAN FOR YOU?

Get a personalized analysis of what these numbers mean for your specific situation from the team that understands Sarasota's real estate market better than anyone!
Methodology
Figures in this report are based on data from the My Florida Regional Multiple Listing Service (MLS).

Closed Sales figures for are based on reported transactions at the time the report was prepared, shortly after the end of the quarter. This figure may not reflect transactions which closed in 4Q but were not closed out in MLS in a timely manner.

Average Price is the total of all sales volume divided by the number of sales.

Median Price is the middle or mid-point price where half of all sales fall below and half fall above this number. The median figure is less skewed by high price point sales than the average figure.

Days on Market (DOM) measures the time between when a property was listed and when it went under contract. This figure applies only to properties which were listed and sold through MLS.

Inventory is a count of all properties currently listed for sale in the MLS and is measured within one week after the end of the quarter. It does not include unsold yet unlisted units in new construction communities (shadow inventory).

Months of Supply levels are an estimate of how long it would take to sell all currently listed properties based on the average number of closed sales over the last 6 months. A six month supply of housing is widely considered to be supply-demand equilibrium, with lower inventory levels favoring sellers and higher inventory levels favoring buyers.
ZARGHAMI GROUP
KELLER WILLIAMS CLASSIC GROUP
401 N CATTLEMEN RD SUITE 308
SARASOTA, FL 34232
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