Florida Keys Real Estate Market Report – August 2025

Snapshot of the Florida Keys Housing Market

The August 2025 housing market update covers Monroe County, which in practical real estate terms is almost entirely the Florida Keys. While seasonality has eased compared to years past, it still influences sales trends in the Keys. Inventory often builds after the holidays, while activity tends to quiet down following Labor Day when the local economy slows. Reviewing the latest monthly numbers offers the clearest picture of how supply, demand, and prices are shifting right now.

Key Market Highlights – August 2025

• Active Inventory: 1,443 (up 15% from a year ago)
• Pending Inventory: 188 (up 13% from a year ago)
• Closed Sales: 160 (up 18% from a year ago)
• New Listings: 205 (up 10% from a year ago)
• New Pending Sales: 168 (up 41% from a year ago)
• Median Sale Price: $930,000 (up 13% from a year ago)

Market Interpretation

Active Inventory (1,443 – up 15%)
Inventory continues to build compared to last year, giving buyers more choices across the Florida Keys. While higher supply can ease competition, demand has been strong enough to keep the market moving.

Pending Inventory (188 – up 13%)
The pipeline of homes under contract has grown, showing that buyers are still stepping in even with higher prices. This reflects steady underlying demand.

Closed Sales (160 – up 18%)
Completed transactions rose year over year, confirming that the increase in pending sales is carrying through to closings, not just activity on paper.

New Listings (205 – up 10%)
Sellers are continuing to bring homes to market. A steady flow of new listings adds fresh opportunities for buyers, which helps balance the market.

👉New Pending Sales (168 – up 41%)
This is the standout number for the month. The sharp rise in new contracts signals a burst of buyer activity, suggesting confidence in Keys real estate despite broader economic uncertainty.

Median Sale Price ($930,000 – up 13%)
Prices remain on an upward trajectory, reflecting the combination of strong demand and the unique, limited supply of Florida Keys properties.

What This Means for Buyers and Sellers

• Buyers: More inventory means more options. Watch for motivated sellers while pendings accelerate.
• Sellers: Strong new pendings and firmer closings indicate active buyers. Accurate pricing and presentation are still critical.

Stay Informed About the Florida Keys Market

Want to keep up with these updates each month? Just send me your name and email - no phone number needed. My contact page. 

Data Notes

This report includes single-family homes, townhouses/condos, and manufactured homes, based on Florida Realtors® SunStats data.