Florida Keys Real Estate Market Update

January–July 2026 compared with 2025

Lela Ashkarian, PA, ABR, CRS, GRI, e-PRO 

29 years serving the Community 

The Florida Keys real estate market is showing renewed strength. During the first seven months of 2026, 1,189 residential properties sold Keys-wide—12.4% more than during the same period last year.

The average sale price increased 12.5% to approximately $1.45 million. Total sales volume reached $1.72 billion, a strong increase of 26.4%. Simply put, more homes are selling, and buyers are spending more money than they did last year.

There are also fewer properties for sale. Active listings dropped 8.2%, while the available supply fell from 10.2 months to 8.3 months. This means buyers have fewer choices, which may help well-priced homes attract more attention.

However, pricing remains very important. The average property took 109 days to sell—12 days longer than last year. Homes sold for about 93.7% of their final asking price and approximately 89% of their original asking price. This tells us that buyers are active, but they are careful and willing to negotiate when a property is priced too high.

Pending sales increased 11.3%, suggesting continued activity ahead.

The simple message is this: the Florida Keys market is improving, but buyers remain selective. Sellers who price their homes correctly and present them well have the best opportunity to sell successfully. Buyers should also be prepared, because fewer available listings may create more competition for the best properties.

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Every home and neighborhood is different, so these Keys-wide averages should be used as a guide—not as the exact value of an individual property. The recommended next step is a local market analysis based on the property’s location, condition, features, and recent nearby sales.

Get a Free Market Analysis, Click the Link Below 

Listing your home in Today's Market, visit www.SearchFloridaKeysHomes.com/sell