Florida Real Estate News & Market Trends

Market reports, local insights, and practical guidance for buyers and sellers from Key Largo to Key West. Updated regularly with current data from the Florida Keys MLS. Topics include market trends, home values, buying and selling tips, and neighborhood spotlights across the Upper, Middle, and Lower Keys. If you have questions or want to schedule a call, visit ScheduleJim.com.

Oct. 26, 2026

27322 Saint Martin Ln, Ramrod Key FL | Canalfront Home

Raised canalfront home at 27322 Saint Martin Ln in Breezeswept Beach Estates, Ramrod Key, Florida Keys

(Image source: listing photo, LoKation Real Estate, October 2026)

27322 Saint Martin Ln is a canalfront home in Breezeswept Beach Estates, one of the Lower Florida Keys' busier boating neighborhoods. It's the kind of Keys house a lot of buyers ask me for: raised, already upgraded, and docked up so you can spend your first weekend on the water instead of on a renovation.

The home is listed by Brian Kruszewski of LoKation Real Estate, and I'm featuring it here with his permission.

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Posted in Homes For Sale
Oct. 26, 2026

27398 Saint Vincent Ln, Ramrod Key FL | Double Lot Home

Canalfront home at 27398 Saint Vincent Ln in Breezeswept Beach Estates, Ramrod Key, Florida Keys

(Image source: listing photo, LoKation Real Estate, October 2026)

27398 Saint Vincent Ln is a canalfront home in Breezeswept Beach Estates on a lot that's twice the usual size for the neighborhood. In the Lower Florida Keys, where buildable land is scarce, that extra room is worth a close look.

The home is listed by Brian Kruszewski of LoKation Real Estate, and I'm featuring it here with his permission.

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Posted in Homes For Sale
Oct. 24, 2026

Switching Brokerages in the Florida Keys: Advice From an Experienced Realtor

Switching real estate brokerages in the Florida Keys: a cluttered office being packed up beside an open-air tiki hut office with a laptop and canal view

Fair warning: your broker may not love this post.

Switching brokerages in the Florida Keys follows the same state rules as anywhere else in Florida. What’s different here is how small the market is. Your old broker, your new broker, and the agent on the other side of your next deal probably all know each other.

I’ve made this move more than once in a career that started in 1988, from Century 21 to Sotheby’s International Realty, with RE/MAX and Coldwell Banker in between. Here’s how the license transfer works, how to time it, and how to handle your listings, buyer agreements, and pending deals without leaving money or goodwill behind. Whether you sell Key Largo real estate or work all the way down to Key West, the process is the same.

How a Florida License Transfer Works

Your license number stays with you. What changes is the employer on file with the Florida Department of Business and Professional Regulation (DBPR).

Most transfers are done online. Your new broker adds you through their own DBPR online account, and DBPR says the record updates in real time, so you can go to work right away. A paper form exists, but most agents never need it.

Notice who doesn’t sign: your old broker. The change ends your relationship with the prior firm and activates you with the new one in a single step. You should still tell your broker yourself, in person and in writing, before it happens. Nobody wants to hear it secondhand.

Timing Your Move

The perfect time to move is when nothing is in the air, which in real estate almost never happens. So plan around your pipeline instead.

Look hard at your closing dates and when your current listings and buyer agreements expire. If a big deal closes in three weeks, or a key listing is about to renew, waiting may be worth it. Line up your new broker first, then pick your day.

If you’re getting the itch, or better yet, long before you ever do, be proactive about the expiration dates you put on new listing and buyer agreements. When I was with other brokerages, I set mine for either July 4 or December 31. They’re easy to remember, and they give you and your client a natural point to decide what comes next, without asking anyone for a release. Just make sure you stay in compliance with your current independent contractor agreement.

Listings and Buyer Agreements Belong to the Brokerage

This is the part that surprises newer agents. In Florida, a listing agreement is a contract between the seller and the brokerage, not you personally. A signed buyer agreement works the same way, and with written buyer agreements now standard, most agents who move today have both kinds to sort out. When you leave, those contracts stay with your old firm unless your broker agrees to let them go.

Plenty of brokers will let a listing or buyer agreement go when the client wants to follow the agent. Some won’t. Some will, in exchange for a referral fee. A lot depends on office policy and the relationship you’ve built with your broker.

The client has a say too. A listing can move to your new brokerage one of two ways. Your old broker signs an assignment, or your old broker signs a release and cancellation, and you and the seller sign a fresh listing agreement. Which route you take depends on the brokerages and what the agreement says. Buyer agreements work the same way. Your MLS can tell you how they handle moving the listing itself. Whatever happens, keep the client first. A messy handoff costs you more in a small market than any one commission is worth.

Spend a few bucks on a real estate attorney. Talk through the issues and the ramifications, and have the release and transfer documents drawn up by a pro. Don’t leave that paperwork to your soon-to-be former brokerage.

Pending Deals and Your Commission

Contracts already under way stay with the brokerage that holds them. If your old broker is holding the escrow deposit, it stays in that broker’s escrow account. The commission is paid to that brokerage at closing.

In practice, switching midstream usually isn’t a problem. Many brokers let a departing agent stay involved through closing and pay the agent’s share when the deal closes. The best time to settle how pending deals are handled if you leave is when you sign your independent contractor agreement, long before you ever think about moving.

That same agreement decides how much you get. The Florida Realtors sample agreement, for example, has the broker pay what you earned before termination, minus anything you owe the broker and what it costs to pay another licensee to complete your pending transactions. Your company’s agreement may read very differently, so read it before you give notice, not after.

If there’s a dispute, it’s generally a civil matter between you and the broker, not something the Florida Real Estate Commission will collect for you. One more reason to leave on good terms.

Stay in Control of Your Business

Even as a broker-owner, I told my agents the truth: nothing lasts forever. You’re an independent contractor, and you should stay in control of your own business.

A franchise rep once pitched me on the value of “golden handcuffs,” making it hard for agents to leave. That was never my style. Agents should stay with a company because it’s the right fit, not because leaving hurts.

Control starts with the basics, such as your own domain name and website, email address, CRM, and phone number. When those are yours, a brokerage change is a paperwork step, not a rebuild.

Before You Make the Call

  • Read your independent contractor agreement, especially pay after termination and notice requirements.
  • List every active listing, buyer agreement, and pending deal, with closing and expiration dates.
  • Ask your new broker how they handle listings and buyer agreements that follow an agent.
  • Plan updates to your signs, cards, email signature, website, and social profiles. Florida requires your advertising to include your brokerage’s licensed name.
  • Ask your Realtor association and MLS what they need to move your membership.
  • After the change, look yourself up through the DBPR Division of Real Estate license search to confirm your new employer shows.

Where I Landed

After all those brands, I’m a Realtor with LoKation Real Estate. I pay $99 a month and $99 per transaction side, and I keep 100% of my commission. LoKation reports over 5,000 agents and ranks among the 10 largest independent brokerages in the U.S.

Because LoKation isn’t built to collect a big percentage of your commission, there’s nothing to fight over when you leave. You pay the $99 transaction fee on any pending closings, and they make the transfer easy. They’ll also let you know the door is always open if you want to come back.

I share the full picture in my LoKation Real Estate review. If you’re ready to join, you can use my LoKation referral link. Full disclosure: LoKation pays me a small referral credit if you join through it.

Still weighing it? Call me at 305-394-4449 or find me at jimsignor.com. Agent to agent, I’m happy to tell you what a move really looks like. You can also read more about my background as a Florida Keys Realtor.

Jim Signor - Florida Keys Real Estate

Frequently Asked Questions

How do you transfer a Florida real estate license to a new broker?

Most transfers are done online. Your new employing broker adds you through their DBPR online account, and DBPR says the record updates in real time. Your former broker does not need to sign or approve the change.

When is the best time to switch real estate brokerages?

When your pipeline is quiet. Agents often plan a move around upcoming closings and the expiration dates on their listing and buyer agreements, and some set those agreements to expire on fixed, easy-to-remember dates.

Do listings go with an agent who changes brokerages?

Not automatically. In Florida, listing agreements and signed buyer agreements are contracts with the brokerage, not the individual agent. A former broker may release them, keep them and assign another agent, or agree to a referral arrangement, and the client has a say in the outcome.

Do you still get paid on pending deals after switching brokerages?

Generally, yes. Pending transactions stay with the former brokerage, which pays your share at closing under your independent contractor agreement. That agreement may allow deductions if another agent has to help finish the transaction.

Oct. 23, 2026

Buying or Leasing Commercial Property in the Keys

Mixed-use waterfront marina in the Florida Keys with dry-stack boat storage, fuel dock, boat rentals and an open-air restaurant

Commercial real estate in the Florida Keys does not behave like commercial real estate anywhere else. Growth limits, flood rules, seasonal business cycles and a small island market all shape what a property is worth, what space rents for, and how deals come together.

My Florida Keys commercial real estate page shows commercial listings straight from the MLS, unfiltered. This guide explains how to read those listings, what makes Keys commercial property different, what to look for in a lease, and how to find the opportunities that never make it online.

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Oct. 22, 2026

Key Largo Youth Sailing and the Buccaneer Blast

In 2006, the Mark Sorensen Youth Sailing Program started with one generous donation and nothing else. No boats. No kids. I was its first youth sailing director, so I remember those early days well.

Today the program runs year-round on Buttonwood Sound, and every February it hosts the Buccaneer Blast, which organizers bill as the largest youth regatta in the Florida Keys. If you are a parent, a coach, a grandparent, or someone thinking about a move to Key Largo, here is what you should know.

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Oct. 19, 2026

Key West Real Estate Market: Single-Family vs. Condo/Townhouse - September 2026

Key West single-family closings rose 82% in September 2026, from 11 a year earlier to 20. The full single-family and condo/townhouse numbers are below, each compared with the same month last year.

September 2026 at a Glance: Key West single-family closings rose from a year ago, but new contracts fell by half. On the condo side, new contracts rose while the number of condos for sale held about even.

Single-Family Homes: September 2026 vs. September 2025

Key West Single Family Statistics September 2026

Key West Single-Family Statistics, September 2026 vs. September 2025. Source: SunStats, Key West (City).

Closed sales posted the largest single-family increase in the report, rising 82% from 11 to 20.

Contracts moved the other way. New pending sales, the contracts written during the month, fell 50% from 22 to 11, and pending inventory, the total number of homes under contract, fell 33% to 16.

Active inventory fell 14% to 107 homes, and new listings rose 7.1% to 15. The median sale price was $1,322,411, down 13%. With 20 closings behind it, the median moves with the mix of homes that sold, so one month says little about values.

Key Market Highlights: Key West Single-Family, September 2026

Metric September 2026 Change vs. Sept 2025
Active Inventory 107 Down 14%
Pending Inventory 16 Down 33%
Closed Sales 20 Up 82%
New Listings 15 Up 7.1%
New Pending Sales 11 Down 50%
Median Sale Price $1,322,411 Down 13%

Condo/Townhouse: September 2026 vs. September 2025

Key West Condo Townhouse Statistics September 2026

Key West Condo/Townhouse Statistics, September 2026 vs. September 2025. Source: SunStats, Key West (City).

New pending sales led the condo side, rising 83% from 6 to 11. Active inventory held nearly level at 90, compared with 91 a year earlier.

Closings rose 29% to 9, and pending inventory rose 9.1% to 12. The $700,000 median, down 40%, came from 9 sales, so read that change with the small count in mind.

Key Market Highlights: Key West Condo/Townhouse, September 2026

Metric September 2026 Change vs. Sept 2025
Active Inventory 90 Down 1.1%
Pending Inventory 12 Up 9.1%
Closed Sales 9 Up 29%
New Listings 14 Up 7.7%
New Pending Sales 11 Up 83%
Median Sale Price $700,000 Down 40%

A Word to Buyers

Key West homes range from historic Old Town to the larger lots of New Town. You can search Old Town Key West homes, Casa Marina homes, or New Town homes. If you are new to buying in the Keys, read how buying in the Florida Keys works before you start.

Browse all Key West homes for sale

A Word to Sellers

Selling in Key West? My certified home program starts with a pre-listing inspection, addresses what it finds before buyers walk through, and includes a home warranty with the sale.

See how I handle home sales in the Florida Keys

The Bigger Picture: Florida Keys and Marathon, September 2026

Key West’s monthly counts are small, so a single month can swing. The Florida Keys report covers more than a hundred closings and is where I share my read on where the market is heading. The Marathon report covers the Middle Keys market to the northeast.

Florida Keys Single Family Statistics September 2026Marathon Single Family Statistics September 2026

Read the Florida Keys market report for September 2026, compare with the nearby Marathon market report for September 2026, or look back at the August 2026 Key West report.

Key West Real Estate: Frequently Asked Questions

How many homes sold in Key West in September 2026?

Twenty single-family homes closed in Key West in September 2026, up 82% from 11 a year earlier. Condo and townhouse closings totaled 9, up from 7.

Are fewer Key West homes going under contract?

Yes, on the single-family side. Buyers signed 11 new single-family contracts in September 2026, half the 22 signed in September 2025, and pending inventory fell 33% to 16.

What is the median home price in Key West?

The single-family median sale price in Key West was $1,322,411 in September 2026, down 13% from September 2025, based on 20 closed sales.

How many condos are for sale in Key West?

There were 90 condos and townhouses for sale in Key West in September 2026, compared with 91 a year earlier. New condo contracts rose 83% to 11.

Data source: Florida Realtors SunStats, Key West (City), Single-Family and Condo/Townhouse, September 2026 vs. September 2025. Figures may be revised by the source after publication. Information deemed reliable but not guaranteed.

Oct. 19, 2026

Marathon Real Estate Market: Single-Family vs. Condo/Townhouse - September 2026

Marathon single-family closings doubled in September 2026, from 9 a year earlier to 18. The full single-family and condo/townhouse numbers are below, each compared with the same month last year.

September 2026 at a Glance: Marathon single-family closings and contracts rose from a year ago, with fewer homes for sale. Condo and townhouse inventory fell too, though most condo counts are small.

Single-Family Homes: September 2026 vs. September 2025

Marathon Single Family Statistics September 2026

Marathon Single-Family Statistics, September 2026 vs. September 2025. Source: SunStats, Marathon (City).

Closed sales posted the largest single-family change in the report, rising 100% from 9 to 18. Pending inventory, the total number of homes under contract, rose 53% to 26.

New pending sales, the contracts written during the month, rose 33% to 12. Active inventory fell 18% to 120 homes, and new listings fell 19% to 17.

The median sale price was $1,590,000, up 41%. With 18 closings behind it, the median moves with the mix of homes that sold, so one month says little about values.

Key Market Highlights: Marathon Single-Family, September 2026

Metric September 2026 Change vs. Sept 2025
Active Inventory 120 Down 18%
Pending Inventory 26 Up 53%
Closed Sales 18 Up 100%
New Listings 17 Down 19%
New Pending Sales 12 Up 33%
Median Sale Price $1,590,000 Up 41%

Condo/Townhouse: September 2026 vs. September 2025

Marathon Condo Townhouse Statistics September 2026

Marathon Condo/Townhouse Statistics, September 2026 vs. September 2025. Source: SunStats, Marathon (City).

There were 52 condos and townhouses for sale in Marathon this September, down 25% from 69 a year earlier.

The other condo counts are small: 7 closings, 6 new contracts, 4 pending and 10 new listings. SunStats shows no percentage change for new listings because there were none in September 2025. The $510,000 median, down 47%, came from 7 sales, so read the percentages in the table with those small numbers in mind.

Key Market Highlights: Marathon Condo/Townhouse, September 2026

Metric September 2026 Change vs. Sept 2025
Active Inventory 52 Down 25%
Pending Inventory 4 Down 43%
Closed Sales 7 Up 75%
New Listings 10 Up from 0
New Pending Sales 6 Up 20%
Median Sale Price $510,000 Down 47%

A Word to Buyers

My Marathon listing pages cover the Middle Keys, including Duck Key and Key Colony Beach. You can search Marathon waterfront homes, homes away from the water, or Marathon condos and townhomes. If you are new to buying in the Keys, read how buying in the Florida Keys works before you start.

Browse all Marathon homes for sale

A Word to Sellers

Selling in Marathon? My certified home program starts with a pre-listing inspection, addresses what it finds before buyers walk through, and includes a home warranty with the sale.

See how I handle home sales in the Florida Keys

The Bigger Picture: Florida Keys and Key West, September 2026

Marathon’s monthly counts are small, so a single month can swing. The Florida Keys report covers more than a hundred closings and is where I share my read on where the market is heading. The Key West report covers the nearby market to the southwest.

Florida Keys Single Family Statistics September 2026Key West Single Family Statistics September 2026

Read the Florida Keys market report for September 2026, compare with the nearby Key West market report for September 2026, or look back at the August 2026 Marathon report.

Marathon Real Estate: Frequently Asked Questions

How many homes sold in Marathon in September 2026?

Eighteen single-family homes closed in Marathon in September 2026, double the 9 that closed in September 2025. Condo and townhouse closings totaled 7, up from 4.

How many single-family homes are for sale in Marathon?

There were 120 single-family homes for sale in Marathon in September 2026, 18% fewer than the 147 a year earlier. New listings fell 19% to 17 for the month.

What is the median home price in Marathon?

The single-family median sale price in Marathon was $1,590,000 in September 2026, up 41% from September 2025, based on 18 closed sales.

How many condos are for sale in Marathon?

There were 52 condos and townhouses for sale in Marathon in September 2026, 25% fewer than a year earlier. The condo median of $510,000 came from just 7 sales, so it should not be read as a change in condo values.

Data source: Florida Realtors SunStats, Marathon (City), Single-Family and Condo/Townhouse, September 2026 vs. September 2025. Figures may be revised by the source after publication. Information deemed reliable but not guaranteed.

Oct. 18, 2026

Islamorada Real Estate Market: Single-Family vs. Condo/Townhouse - September 2026

Islamorada had 112 single-family homes for sale in September 2026, 23% fewer than in September 2025. The full single-family and condo/townhouse numbers are below, each compared with the same month last year.

September 2026 at a Glance: Islamorada had fewer single-family homes for sale than a year ago, along with fewer closings and new contracts. Condo and townhouse supply fell further, though most other condo counts are in single digits.

Single-Family Homes: September 2026 vs. September 2025

Islamorada Single Family Statistics September 2026

Islamorada Single-Family Statistics, September 2026 vs. September 2025. Source: SunStats, Islamorada, Village of Islands.

New listings matched last September at 18. Pending inventory, the total number of homes under contract, rose 31% to 17.

Closed sales fell 29% to 12, and new pending sales, the contracts written during the month, fell 13% to 13.

The median sale price was $1,797,500, down 10%. With only 12 closings behind it, the median moves with the mix of homes that sold, so one month says little about values.

Key Market Highlights: Islamorada Single-Family, September 2026

Metric September 2026 Change vs. Sept 2025
Active Inventory 112 Down 23%
Pending Inventory 17 Up 31%
Closed Sales 12 Down 29%
New Listings 18 No change
New Pending Sales 13 Down 13%
Median Sale Price $1,797,500 Down 10%

Condo/Townhouse: September 2026 vs. September 2025

Islamorada Condo Townhouse Statistics September 2026

Islamorada Condo/Townhouse Statistics, September 2026 vs. September 2025. Source: SunStats, Islamorada, Village of Islands.

Islamorada had 40 condos and townhouses for sale this September, down 38% from a year earlier.

The rest of the condo counts are in single digits: 5 closings, 5 new contracts, 4 new listings and 6 pending. The 150% rise in new contracts, for example, is 5 against 2 a year earlier, so read the percentages in the table with those small numbers in mind.

Key Market Highlights: Islamorada Condo/Townhouse, September 2026

Metric September 2026 Change vs. Sept 2025
Active Inventory 40 Down 38%
Pending Inventory 6 Up 20%
Closed Sales 5 Up 67%
New Listings 4 Down 50%
New Pending Sales 5 Up 150%
Median Sale Price $490,000 Down 42%

A Word to Buyers

Islamorada listings stretch across Plantation Key, Windley Key, and Upper and Lower Matecumbe Key. You can search Islamorada waterfront homes, homes off the water, or Islamorada condos and townhouses, and if you are new to buying in the Keys, read how buying in the Florida Keys works before you start.

Browse all Islamorada homes for sale

A Word to Sellers

Selling in Islamorada? My certified home program puts a pre-listing inspection up front, addresses the issues it turns up, and adds a home warranty to the sale.

See how I handle home sales in Islamorada and the Upper Keys

The Bigger Picture: Florida Keys and Key Largo, September 2026

Islamorada’s monthly counts are small, so a single month can swing. The Florida Keys report covers more than a hundred closings and is where I share my read on where the market is heading. The Key Largo report covers the neighboring market to the north.

Florida Keys Single Family Statistics September 2026Key Largo Single Family Statistics September 2026

Read the Florida Keys market report for September 2026, compare with the neighboring Key Largo market report for September 2026, or look back at the August 2026 Islamorada report.

Islamorada Real Estate: Frequently Asked Questions

How many homes are for sale in Islamorada?

There were 112 single-family homes for sale in Islamorada in September 2026, down 23% from September 2025. New listings held level with last year at 18 for the month.

How many homes sold in Islamorada in September 2026?

Twelve single-family homes closed in Islamorada in September 2026, down 29% from a year earlier. Condo and townhouse closings totaled 5, up from 3.

What is the median home price in Islamorada?

The single-family median sale price in Islamorada was $1,797,500 in September 2026, down 10% from September 2025, based on 12 closed sales.

How many condos are for sale in Islamorada?

There were 40 condos and townhouses for sale in Islamorada in September 2026, 38% fewer than a year earlier. The condo median of $490,000 came from just 5 sales, so it should not be read as a change in condo values.

Data source: Florida Realtors SunStats, Islamorada, Village of Islands (Village), Single-Family and Condo/Townhouse, September 2026 vs. September 2025. Figures may be revised by the source after publication. Information deemed reliable but not guaranteed.

Oct. 17, 2026

Key Largo Real Estate Market: Single-Family vs. Condo/Townhouse - September 2026

Buyers put 20 single-family homes under contract in Key Largo in September 2026, 67% more than in September 2025. The full single-family and condo/townhouse numbers are below, each compared with the same month last year.

September 2026 at a Glance: Key Largo single-family contracts and closings both rose from a year ago, with fewer homes for sale. Condo and townhouse inventory fell too, though the condo counts are small.

Single-Family Homes: September 2026 vs. September 2025

Key Largo Single Family Statistics September 2026

Key Largo Single-Family Statistics, September 2026 vs. September 2025. Source: SunStats, Key Largo (CDP).

New pending sales, the contracts written during the month, posted the largest single-family change in the report. Pending inventory, the total number of homes under contract, rose 30% to 30.

Closed sales rose 50% to 21. Active inventory fell 17% to 160 homes, and new listings matched last September exactly.

The median sale price slipped 3.4% to $947,000. It is the midpoint of 21 closings, so it moves with the mix of homes that sold in a given month.

Key Market Highlights: Key Largo Single-Family, September 2026

Metric September 2026 Change vs. Sept 2025
Active Inventory 160 Down 17%
Pending Inventory 30 Up 30%
Closed Sales 21 Up 50%
New Listings 23 No change
New Pending Sales 20 Up 67%
Median Sale Price $947,000 Down 3.4%

Condo/Townhouse: September 2026 vs. September 2025

Key Largo Condo Townhouse Statistics September 2026

Key Largo Condo/Townhouse Statistics, September 2026 vs. September 2025. Source: SunStats, Key Largo (CDP).

There were 32 condos and townhouses for sale in Key Largo this September, down 20% from a year earlier.

Every other condo count is in single digits: 4 closings, 5 new contracts, 7 new listings and 9 pending. At these sizes, one or two sales can swing a percentage sharply, so read the changes in the table with that in mind.

Key Market Highlights: Key Largo Condo/Townhouse, September 2026

Metric September 2026 Change vs. Sept 2025
Active Inventory 32 Down 20%
Pending Inventory 9 Up 50%
Closed Sales 4 Down 20%
New Listings 7 Down 30%
New Pending Sales 5 Down 17%
Median Sale Price $1,230,000 Up 165%

A Word to Buyers

The best way to see what these numbers look like on the ground is to look at what is listed today. You can narrow the search to Key Largo waterfront homes, homes away from the water, or Key Largo condos and townhouses. If this is your first purchase in the Keys, start with how buying in the Florida Keys works.

See all Key Largo homes for sale

A Word to Sellers

If you own in Key Largo and are weighing a sale, my certified home program is built to take surprises off the table. It starts with a pre-listing inspection, addresses what that inspection finds before buyers walk through, and includes a home warranty with the sale.

Learn how I sell homes in Key Largo and the Upper Keys

The Bigger Picture: Florida Keys and Islamorada, September 2026

Key Largo is one part of the Florida Keys market, and its monthly counts are small. The Keys-wide report covers more than a hundred closings and is where I share my read on where the market is heading. The Islamorada report covers the neighboring market to the south.

Florida Keys Single Family Statistics September 2026Islamorada Single Family Statistics September 2026

Read the Florida Keys market report for September 2026, compare with the neighboring Islamorada market report for September 2026, or look back at the August 2026 Key Largo report.

Key Largo Real Estate: Frequently Asked Questions

How many homes went under contract in Key Largo in September 2026?

Buyers signed contracts on 20 single-family homes in Key Largo in September 2026, up 67% from September 2025. In total, 30 single-family homes were pending, up 30%.

How many single-family homes are for sale in Key Largo?

There were 160 single-family homes for sale in Key Largo in September 2026, 17% fewer than a year earlier. New listings held level with last year at 23 for the month.

What is the median home price in Key Largo?

The single-family median sale price in Key Largo was $947,000 in September 2026, down 3.4% from September 2025, based on 21 closed sales.

Why did the Key Largo condo median price jump 165%?

The condo and townhouse median of $1,230,000 came from just 4 closed sales in September 2026. With so few sales, the median mostly reflects which units happened to close that month, so the 165% figure should not be read as a change in condo values.

Data source: Florida Realtors SunStats, Key Largo (CDP), Single-Family and Condo/Townhouse, September 2026 vs. September 2025. Figures may be revised by the source after publication. Information deemed reliable but not guaranteed.

Oct. 17, 2026

Florida Keys Real Estate Market: Single-Family vs. Condo/Townhouse - September 2026

There were 768 single-family homes for sale across the Florida Keys in September 2026, 15% fewer than a year ago. That is the number I watch first, because supply sets the tone for everything else in this market. Below, single-family and condo/townhouse are broken out side by side, each compared to September 2025.

September 2026 at a Glance: Single-family homes are scarcer than a year ago, yet more are under contract, which favors sellers heading into the winter season. Condo supply fell even faster, but contract activity is lighter, so condo pricing needs to stay close to recent sales.

Single-Family Homes: September 2026 vs. September 2025

Florida Keys Single Family Statistics September 2026

Florida Keys Single-Family Statistics, September 2026 vs. September 2025. Source: SunStats, Monroe County.

Two things are true at once on the single-family side. More owners chose to list this September than last, yet the number of homes for sale is still well below a year ago. Supply has been tight for months, and one month of extra listings has not refilled it.

Fresh contracts written during the month did slip from a year ago, and closings landed on exactly the same count as September 2025. Read together, demand is steady rather than surging. It is simply working against a smaller pool of homes.

About that median price. It is the middle sale of the month’s closings, and it came on the same number of sales as last year. It tells you more of September’s buyers closed on higher-priced homes. It does not mean Florida Keys homes are worth that much more than they were a year ago.

Key Market Highlights: Florida Keys Single-Family, September 2026

Metric September 2026 Change vs. Sept 2025
Active Inventory 768 Down 15%
Pending Inventory 138 Up 18%
Closed Sales 102 No change
New Listings 117 Up 11%
New Pending Sales 87 Down 10%
Median Sale Price $1,290,000 Up 26%

Condo/Townhouse: September 2026 vs. September 2025

Florida Keys Condo Townhouse Statistics September 2026

Florida Keys Condo/Townhouse Statistics, September 2026 vs. September 2025. Source: SunStats, Monroe County.

Condo and townhouse supply took the bigger hit this month. Active inventory fell harder here than on the single-family side, and it was the steepest decline anywhere in this report.

The rest of the picture is mixed. New listings rose from a year ago after falling 20% in August, and closings edged up as well. Pending inventory fell, though, and new contracts only matched last September, so the pipeline heading into fall is lighter than the closings suggest.

The median slipped modestly on just 30 sales. A sample that small can move on a couple of transactions at either end of the price range, so I would not read it as a change in what condos are worth.

Key Market Highlights: Florida Keys Condo/Townhouse, September 2026

Metric September 2026 Change vs. Sept 2025
Active Inventory 268 Down 23%
Pending Inventory 35 Down 17%
Closed Sales 30 Up 7.1%
New Listings 39 Up 8.3%
New Pending Sales 31 No change
Median Sale Price $597,000 Down 6.6%

What the September Numbers Point To

This is the second month in a row that single-family inventory has run well below last year while pending inventory sits well above it. The August 2026 Florida Keys report showed the same shape. One month can be noise. Two in a row, heading into fall, looks like a pattern.

September sits at the peak of hurricane season and is traditionally one of the slower months of the year in the Keys. Holding closings level with last year during that stretch, with fewer homes to choose from, tells me the buyers who are here are serious.

My read is that the single-family market points to a firm fall, with well-priced homes continuing to find buyers ahead of the winter season. Condos are on their own track, with supply shrinking faster than demand is pulling back.

A Word to Buyers

Here is what waiting looks like from my side of the desk. While some buyers hold out for more inventory, others are closing, tying a boat up out back, and planning their first winter in the Keys. The extra inventory has not shown up. New listings are up, but so is the number of homes under contract.

If you have been watching from afar, the most useful thing you can do now is line up your financing and settle your must-have list, so you can move the week the right home lists. Browse the newest Florida Keys homes for sale, or see how buying in the Florida Keys works before you start.

A Word to Sellers

Single-family sellers are listing into a market with 15% fewer competing homes than a year ago and 18% more already under contract. That is a favorable spot to be in just before the winter season, when out-of-town buyers return. Listing ahead of that wave puts your home in front of them first.

Condo sellers have less competition too, but contract activity is lighter, so pricing to recent closed sales matters more than last year’s headlines.

Want your home ready for that first wave? Ask me about my certified home program: a pre-listing inspection, issues handled before buyers find them, and a home warranty that goes with the sale. See how selling works in today’s Florida Keys market.

Local Market Reports

Want the numbers for one area? The September 2026 submarket reports break out single-family and condo/townhouse statistics the same way.

Shopping between Marathon and Key West? Browse current Lower Keys homes for sale.

Florida Keys Real Estate: Frequently Asked Questions

Did Florida Keys home prices go up 26% in September 2026?

No. The single-family median of $1,290,000 was 26% above September 2025, but that is only the middle sale price of one month, set by which homes happened to close. Across all residential property types combined, the median was $1,025,000, up 7.9% from a year earlier, a calmer read on where prices stand.

How many condos are for sale in the Florida Keys?

There were 268 condos and townhouses for sale in the Florida Keys in September 2026, 23% fewer than in September 2025. That was the sharpest drop in supply of either property type this month.

Are more homes being listed for sale in the Florida Keys?

Yes. New single-family listings rose 11% and new condo and townhouse listings rose 8.3% compared to September 2025. Even so, total supply stayed well below a year ago, so the added listings have not made up for the homes that sold or came off the market over the past year.

How many homes sold in the Florida Keys in September 2026?

Residential closings across the Florida Keys totaled 144 in September 2026, up 3.6% from 139 a year earlier. Single-family closings held level with last year at 102, condo and townhouse closings rose 7.1% to 30, and the remaining 12 were other residential property types.