Market Data & Trends

Is the Florida Keys market a buyer's or seller's market right now?

By Steve Conley

Short Answer

Market conditions in the Keys vary by price range and island. Limited inventory across most price points typically favors sellers, but higher-priced luxury properties and non-waterfront homes may offer more negotiating room for buyers.

Steve's Advice

Steve Conley

Principal, Conley Sales Group at COMPASS

The Keys market defies national trends. Inventory is always limited because there is only so much land. Even when the national market cools, well-priced Keys properties hold their value. I track the micro-markets within each community because trends in Islamorada can be completely different from Marathon.

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More questions in Market Data & Trends

How does the Keys market compare to South Florida? What is the median home price in each Keys community? How many homes sell in the Keys each year? What is the average days on market in the Keys? How does inventory affect pricing in the Keys? Are waterfront homes holding value better than non-waterfront? What is the luxury market doing in the Keys? How do interest rates affect the Keys market? How much does a home cost in the Florida Keys? Why are Florida Keys homes so expensive? Are Home Prices Going Up or Down in the Florida Keys? Is Marathon Becoming More Expensive Than Other Florida Keys Communities? How Much Below Asking Price Are Florida Keys Homes Actually Selling For in 2026? Why Are Florida Keys Home Prices Rising While Buyers Still Have Negotiating Room?

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