Real Estate Market in the Keys

As the first half of 2025 comes to a close, the real estate market in the Florida Keys is shifting across the board. Throughout the keys, listing prices have decreased, some significantly more than others. The Upper Keys is showing an average of 28% decreased listing prices, 8% for the Middle Keys, and Key West with 33%. 

Although the listing prices have declined, the market has remained active with an average of properties closing between 68-95 days. The Upper and Lower Keys market are appearing to be shifting to a buyers market with their larger decline in prices due to having more supply than a demand. The Middle Keys shows a smaller percentage of reduced price listings leaving the sellers grasping on to their upper hand in the current market. It will be intersting to watch the market trends for the second half of the year and see where we end up!