Home prices keep rising in Saroasta-Manatee, but slow down looming

John Hielscher
| Sarasota Herald-Tribune

Despite the shock of the coronavirus pandemic, home prices continue to climb in Southwest Florida.

But that rate of growth is lagging behind the gains seen in Florida and nationwide.

Home prices in the Sarasota-Manatee region rose 4.8% over the year in August, trailing increases of 5.3% in Florida and 5.9% throughout the U.S., according to a report on Tuesday from real estate database CoreLogic.

The two-county region ranked 159th lowest for price growth among the 403 U.S. metros studied.

More: THE MONEY MINDERS: Sarasota-Manatee homeowners gain nearly $10,000 in property value

More: Home prices climb as sales accelerate in Sarasota-Manatee

While some expected home price gains to stall during the pandemic, they have continued to show resilience. CoreLogic had earlier projected that the Sarasota-Manatee region faced a 90% chance of falling prices over the next year.

But the tight inventory of local homes for

Read More Read more