Home prices rise despite sales dip

SARASOTA — Median home prices in Sarasota and Manatee counties continued to rise in January, despite an expected drop in sales activity.

Median home prices in Sarasota County increased to $230,500 in January, a 21.3% increase over the previous year, according to a statement. In Manatee County, single home prices climbed to $274,900 in January, a 10% year-over-year increase.

Condo prices increased to $218,000 and $169,950 in Sarasota and Manatee counties, respectively, marking increases of 17.8% and 6.3%, the statement says.