10/04/2026
๐๏ธ Monroe County (Florida Keys) Single-Family Market Update | September 2026 vs. September 2025
In the Keys, sellers are asking more, but buyers are setting the final price.
๐ Active Listings: -8.4%
218 (Sept 2026) vs. 238 (Sept 2025). Island inventory is shrinking a little.
๐ Closed Sales: -13.6%
19 (Sept 2026) vs. 22 (Sept 2025). A small, selective market, as usual for the Keys.
๐ท๏ธ Median List Price: +4.9%
$1,350,000 (Sept 2026) vs. $1,287,500 (Sept 2025). Sellers are still pricing for paradise.
๐ฐ Median Sold Price: -11.6%
$995,000 (Sept 2026) vs. $1,125,000 (Sept 2025). Buyers are getting value at the closing table.
โฑ๏ธ Days on Market: -7.0%
93 days (Sept 2026) vs. 100 days (Sept 2025). A bit faster, but buyers still have time.
What does this mean?
The Keys are moving in a different direction from the mainland. List prices are going up while sold prices came in lower, so the gap between what sellers ask and what buyers pay has widened. With so few sales each month, every deal moves the numbers. ๐ Sellers: price based on what's actually closing, not on what neighbors are asking, or plan to wait longer. ๐ Buyers: this is a market where you can negotiate. With homes averaging over 90 days on market, you have time to do your homework and make a strong offer.
๐ด Ian McLeod, Realtor | Miranda Executive Realty
๐ฌ Dreaming of island life or thinking about selling your Keys home? Comment "KEYS" or send me a DM, and let's talk strategy.