Market Data & Trends

How does the Keys market compare to South Florida?

By Steve Conley

Short Answer

The Keys market is distinct from South Florida mainland markets. Limited geography, ROGO restrictions, and the unique Keys lifestyle create different supply and demand dynamics. Inventory is permanently constrained, supporting values differently than mainland markets.

Steve's Advice

Steve Conley

Principal, Conley Sales Group at COMPASS

The Keys market operates on different fundamentals than Miami or Fort Lauderdale. We have limited inventory, strict building caps, and a lifestyle premium that mainland buyers pay for. The Keys market is smaller, more predictable, and less volatile than the larger South Florida metro areas.

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More questions in Market Data & Trends

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