End of year listings are down
Keys-wide listing inventory drops 23.9%
The number of listings for sale in the Florida Keys continued to decline in 2020 as compared to the past four years. With 1,871 properties for sale at the end of the year, the total number of listings is the lowest it has been for 15 years.
As compared to 2019, Key West had the smallest drop in properties for sale at -3.8% while the Upper Keys inventory dropped by 40.5%. With the exception of Key West which generally has a more dense population, the Keys have been identified by many buyers as a "safe haven" during the COVID-19 pandemic.
The lower listing inventory combined with the higher number of sales has resulted in an increase in the average sale price in the Keys.
View the Coldwell Banker Schmitt Real Estate Company market report for 2020.