Market Data & Trends

How does inventory affect pricing in the Keys?

By Steve Conley

Short Answer

Limited inventory in the Florida Keys, particularly for waterfront and canal properties, typically supports higher prices. Low months-of-supply figures in desirable communities create favorable conditions for sellers.

Steve's Advice

Steve Conley

Principal, Conley Sales Group at COMPASS

Inventory in the Keys is always tighter than the mainland because of ROGO restrictions. When inventory drops below 4 months of supply, we see bidding wars on well-priced properties. When it rises above 8 months, buyers have more negotiating leverage. Right now I am tracking the numbers closely for each community.

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More questions in Market Data & Trends

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