While market activity has slowed predictably over the summer months, I've enjoyed assisting both buyers and sellers with contracts this season. New construction has been a particularly active market segment, attracting attention from both out-of-market buyers and local residents considering nearby relocation.
Trends for existing inventory illustrate that the market this summer has significantly out-performed the same months of 2025, when activity was particularly sluggish. There are nearly 30 percent more closings year-to-date this year than last year, though the number of listings has remained flat. The marked increase in buyer engagement reflects positively on today's market and on our sustained strength through our peak season in the late fourth and through the first quarters.
While the number of closings has risen year-over-year and the rate of absorption has surged, sales prices remain 'soft,' or negotiable for buyers. Slight year-over-year declines in average price per square foot were the norm across each neighborhood this summer with the exception of Longboat Key. As has become typical in our reporting, average days on market increased both year-over-year and relative to the prior quarter. Both of these metrics are 'normalizing' to levels in keeping with historic performance.
For details on a specific neighborhood or a consultation on your property or search, please reach out.
