Published October 25, 2026 in Market Update

Longboat Key is moving faster than the rest of this market

By Amanda LeGault | LEGAULT LUXE GROUP

Real estate, Sarasota & Keys

Freddie Mac put the average 30-year fixed rate at 7.32% as of October 22, 2026. That number is slowing buyers across the country. On Longboat Key, it does not seem to be doing the same thing.

The Real Estate Data Aggregator counted 155 homes sold on Longboat Key in the three months ending August 31, 2026. That is up 55% from the same months in 2025. Pending sales came in at 115, up 30.7% year over year. Inventory sat at 218 homes, and supply was 4.3 months. Those numbers tell a different story than most of this market.

Anna Maria sits at 9.7 months of supply. Bradenton Beach is at 7.6. Those are separate markets with their own dynamics. Longboat Key at 4.3 months is a different picture entirely.

What the Longboat Key numbers actually show

The Real Estate Data Aggregator shows sellers on Longboat Key are getting 94% of their list price on average. That is up 2.8 points from a year ago. Homes are taking a median of 98 days to sell, which is 16 days longer than last year. So it is not instant, but it is moving.

Nearly 15 in 100 Longboat Key homes went under contract within two weeks of listing, according to the Real Estate Data Aggregator. That share held steady from a year before, which matters when most of this market is losing ground on that measure.

The rate picture matters here

Freddie Mac reported the 30-year fixed rate at 7.32% and the 15-year at 6.68% as of October 22, 2026. Realtor.com noted rates climbed above 7% for the first time since January 2025. That backdrop makes Longboat Key's sales volume harder to ignore.

Nationally, Realtor.com reported that 20.8% of listings took a price cut in September, the highest share since October 2022. The Federal Housing Finance Agency put U.S. house price growth at 2.6% year over year through July 2026. Longboat Key's median price rose 12.6% over the same comparison window, per the Real Estate Data Aggregator. That gap is worth noting.

How Longboat Key compares with nearby markets

Anna Maria had the highest median price at $1,750,000, per the Real Estate Data Aggregator. But only 13 homes sold there, and supply was 9.7 months. Bradenton Beach posted a $1,300,000 median with 75 sales. Longboat Key's $1,050,000 median came with far more transaction volume and tighter supply.

A note on flood history and insurance

After Hurricanes Helene and Milton in 2024, the first question buyers ask is whether a home flooded. Longboat Key sits in two counties. Flood history, elevation, and flood zone vary property by property. Never assume a neighbor's experience applies to your home. Ask about the specific address.

Elevated homes and newer construction carry a real premium here. Insurance costs are part of the math every buyer should run before making an offer.

The wider Sarasota market in one view

Across all 15 ZIP codes the Real Estate Data Aggregator tracks in this market, 1,456 homes sold and 1,516 went pending in the three months ending August 31, 2026. There were 2,577 homes for sale and 1,554 new listings. That is a broad market with pockets moving at very different speeds.

One street can read very differently from the ZIP code around it. Price, supply, and days on market all shift block by block. The numbers above show the trend. Your specific address tells the real story.