Florida Keys Real Estate Market Update – April 2026
Lela Ashkarian, PA, ABR, CRS, GRI, epro
305-395-0814
www.SearchFloridaKeysHomes.com 

More Inventory, More Opportunity… But Still a Timing Market
 
If you’ve been watching the market in Marathon, Key Colony Beach, and Duck Key, you’ve probably felt it. Things are shifting, but not dramatically.
The market is becoming more strategic. And if you understand what’s happening beneath the surface, there’s a real opportunity right now.
What the National Market Is Saying (And Why It Matters Here)
Across the country, inventory is improving, and buyers are gaining a bit more leverage. At the same time, affordability is still tight, and mortgage rates remain unpredictable. 
The same pattern is also evident in the Florida Keys, but with a distinctly luxury dynamic.
The Florida Keys Reality: A Lifestyle-Driven Market
Real estate in the Keys does not behave like most markets. Many b ...

Key Colony Beach Real Estate Market Update 2026
Lela Ashkarian, PA, ABR, GRI, CRS,  e-PRO
www.SearchFloridaKeysHomes.com
305-395-0814
A Shift in Opportunity for Buyers, Sellers, and Vacation Home Investors
If you’ve been watching the Key Colony Beach market, you’ve likely felt the shift.
What was once a fast-moving seller’s market has evolved into something more balanced—and in many ways, more strategic. Whether you’re considering selling your home or purchasing a vacation or investment property, understanding this moment in the market can help you make a confident and well-timed decision.
A Market That Has Slowed—But Not Weakened
The Key Colony Beach market is best described today as stable, slower, and more selective.
Inventory has increased significantly, with approximately 17.4 months of housing supply, giving buyers more options than we’ve seen in years.
Homes are taking longer to sell, averaging around 100 ...

The housing market has never looked like this before.
 

 
In February 2026, there were approximately 630,000 more home sellers than buyers, which is the largest gap we've recorded since Redfin started tracking this data in 2013. That's a 46.3% seller surplus, up from 29.8% just a year ago.
 

 
In the Florida Keys, there were Total 2500 listings KeysWide.
 
 
 
Buyers are pulling back fast. The estimated buyer pool fell to 1.36 million in February, down 2.4% from January alone. Meanwhile, the number of sellers barely budged. High mortgage rates, elevated prices, and economic uncertainty are keeping would-be buyers hesitating.
 

 
Homebuyers now have more leverage to negotiate better prices in most of the country. 
 

 
Markets where sellers outnumber buyers by more than 10% (what we classify as buyer's markets) are seeing home price growth of just 0.3% year-over-year. Compare that to 2.2% in seller's mark ...

Connect with Lela Ashkarian, PA, ABR, CRS, GRI, e-RPO, SFR at Coldwell Banker Schmitt Real Estate Co.
305-395-0814
Marathon, and Neighborhood FL Real Estate Market Update (February 2026)
 
If you’re considering buying a home in Marathon, Florida (33050), this is a particularly interesting moment to step into the market. Current conditions are creating a unique balance of opportunity, inventory, and negotiating leverage that buyers should pay close attention to.
A Market with Options—and Strategy
As of February 2026, Marathon is showing an 11.97-month supply of inventory, which leans toward a buyer-influenced market. While inventory has dipped slightly by 4% month-over-month, it’s down a more notable 22% year-over-year, signaling that available homes are gradually tightening.
At the same time:
70 new listings entered the market with a median price of $1,449,499

383 active listings are currently available, with a higher median price of $1,89 ...

Your Home Might Be Worth More Than You Think — Let’s Find Out Together.
Lela Ashkarian, PA, CRS, GRI, E-Pro Elite International President's Circle
305-395-0814
Florida Keys Luxury Market Update: What Buyers & Sellers Need to Know in 2026
 
The Florida Keys luxury real estate market has entered 2026 with a compelling mix of opportunity, shifting dynamics, and continued demand.
Across the Keys, luxury sales ($2.1M+) remain steady, with 39 transactions compared to 38 during the same period last year. While that appears stable at first glance, the deeper data reveals a market that is evolving.
Prices Are Rising—But So Is Strategy
Average sale prices have increased significantly, with the overall Keys-wide average reaching approximately $4.2 million, up over 31% year-over-year. The Middle Keys, in particular, experienced dramatic growth, with price increases exceeding 100%.
At the same time, buyers are becoming more strategic:
Sale-to-original list pri ...