Report: Real estate slows in Manatee, Sarasota

Sarasota and Manatee counties saw slowdowns in the real estate market in August, according to a new report from the Realtor Association of Sarasota and Manatee. 

"While closed sales and median prices have softened, inventory remains elevated, offering more opportunities for buyers," the report says. "The decline in cash sales suggests a potential shift in investor activity, which could further influence the market in the coming months,"

Closed sales were down in August in both counties, the association's monthly market report shows. Closed sales peaked in April and May and have declined throughout the summer, according to the report. “While summer slowdowns are expected, the extent of these shifts is noteworthy as we approach the prime selling season,” the report says.