Double-digit increases in both the number of sales and the average sale price describe a hot market in the Florida Keys which are trends not shared in most other real estate markets.
The Keys is experiencing an unexpected real estate boom in 2026 largely fueled by a decrease in the number of properties for sale representing fewer choices for buyers. These upward trends are occurring despite increased interest rates and turbulent world events.
In the first 3 months of 2026, sellers have also enjoyed decreased margins between list and sale prices, requiring fewer and less significant price reductions during the listing term.
The current trends are directly opposite from those experienced during the same period one year ago when both the number of sales and average sale prices were trending downward, and the inventory of properties for sale was increasing. The current sales trend in 2026 and the trend of one year ago were both the result of the number of properties for sale reinforcing our long-standing position that there is a direct inverse relationship between the number of sales and the number of sellers. When there are fewer sellers there are more sales and vice versa. Fewer sellers putting their property on the market also serves to increase sale prices, while more sellers tends to reduce prices. Because of the inherently limited supply of properties available for sale, the Keys real estate market is driven by supply: the number of sellers who list their property for sale.
In a typical year, the number of listings peaks in February and reaches its low ebb in September. We expect that normal listing cycle to continue in 2026 which should provide for a continuing increased pace of sales in 2026 going forward vs. 2025.
The Keys Submarket Report provides some additional detail on average listing and sale prices for the residential and vacant land components of our market, along with the relative marketing times for each of the four submarkets in the Keys. | 
