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 theil ...

Fall in Love with the Key Deer

The next time you are in the Florida Keys, take a little drive to Big Pine Key and the surrounding Lower Keys. Slow down, look around, and you may be lucky enough to see one of the most precious animals that call these islands home: the beloved Key deer.
These miniature white-tailed deer are found nowhere else in the world. Gentle, beautiful, and unforgettable, they have lived in the Florida Keys for thousands of years and remain one of the most cherished symbols of island life.
Today, fewer than 1,000 Key deer remain in the wild. Most live on Big Pine Key and nearby islands between Sugarloaf Key and Bahia Honda Key. They are protected under the Endangered Species Act, and the National Key Deer Refuge was established in 1953 to help preserve their fragile habitat.
If you see one, it is hard not to fall in love. Their soft eyes and peaceful presence remind us that the Keys are more than turquoise waters, sunsets, and beautiful homes. They are also ...

Based on the January–May 2026 Florida Keys market report, Keys-wide sales are up 14%, dollar volume is up 23.8%, average sale price is up 8.6%, inventory is down 7.7%, and months of inventory improved from 12.3 months in 2025 to 10.0 months in 2026. The market is active, but buyers are more selective, and pricing remains a key consideration.
How Is the Florida Keys Real Estate Market?
One of the most common questions I hear from both buyers and sellers is:
“How is the market?”
The honest answer is: the Florida Keys market is active, but it is not the same market we experienced during the frenzy years. Buyers are still purchasing, sellers are still closing, and waterfront properties are still moving — but today’s market requires better strategy, stronger pricing, and clearer expectations.
From January through May 2026, the Florida Keys market showed positive movement compared to the same period in 2025. Keys-wide sales increased by 14%, dollar volume i; ...

www.SearchFloridaKeysHomes.com
Lela Ashkarian, PA, CRS, ABR, GRI, epro
305-395-0814
Hi from the Florida Keys!
 
Most of you know me as Lela — from life, friendship, community, faith, and years of walking alongside people through important chapters.
 
For nearly three decades, I’ve lived and worked in the Florida Keys real estate market, helping buyers and sellers make confident decisions about island homes, waterfront properties, vacation rentals, and lifestyle moves.
 
Now I’ve made that knowledge easier to access.
 
Go to SearchFloridaKeysHomes.com, copy the link, paste it into ChatGPT, Claude, Perplexity, or Gemini, and ask anything about buying or selling in the Florida Keys.
 
Ask about Marathon, Key Colony Beach, Duck Key, Islamorada, waterfront homes, boating access, vacation rental rules, pricing, market timing, or what it truly feels like to live the Keys lifestyle.
 
This is not a sales pitch.
 
It is kno ...

 
Why a Pre-Approval Is the Smart First Step Before You Start Your Home Search
 
Starting your home search is exciting, especially in a beautiful and unique market like the Florida Keys. But before you fall in love with a property, there is one important step that can make the entire process smoother, stronger, and more successful: getting pre-approved.
A pre-approval helps you understand exactly what price range fits your financial comfort level. It gives you clarity before you begin looking, so your search is focused on homes that truly match your goals, lifestyle, and budget.
It also shows sellers that you are a serious and prepared buyer. In a competitive market, this can make a meaningful difference. When the right home comes along, being pre-approved allows you to move quickly and confidently instead of losing valuable time gathering documents after the fact.
Pre-approval also helps uncover important details early, such as loan options, estimated monthly payments ...