December wrapped up with steady buyer activity in the Florida Keys. Inventory stayed high, closings jumped from last year, and pricing reflected a more selective buyer.

Standout stat: Closed sales were up 48% year over year, which tells you the market is still moving when homes are positioned correctly.

Want rate context behind the timing? See my January update on mortgage rates near recent lows and what it means for Florida Keys buyers.

So what does this mean if you are thinking about buying or selling in 2026? The numbers below put recent market shifts into clearer context.

Key Market Highlights - December 2025

• Active Inventory: 1,534 (▲ 3.9% compared to last year)
• Pending Inventory: 143 (▼ 6.5% compared to last year)
• Closed Sales: 133 (▲ 48% compared to last year)
• New Listings: 237 (▼ 17% compared to last year)
• New Pending Sales: 119 (▲ 6.3% compared to last year)
• Median Sale Price: $905,000 (▼ 11% compared to last year)

What These Numbers Suggest

Inventory Stayed Elevated

Active inventory rose slightly to 1,534. More choices on the market usually means buyers can be more selective, and homes that are priced too aggressively tend to sit longer.

Contract Activity Improved

New pending sales were up year over year, which is a healthy sign of demand. Pending inventory was down, which can happen when deals move through the pipeline faster or when contract volume is uneven week to week. The bigger signal is that new contracts and closings both improved.

Closings Jumped Year Over Year

Closed sales were up 48% compared to last year. That points to real absorption, not just browsing. In practical terms, the well-positioned listings are still moving.

Pricing Softened

The median sale price was $905,000, down 11% year over year. That does not mean every property type is down, but it does suggest the market rewarded homes that were priced right and showed well. 

Fewer New Listings Came to Market

New listings were down 17% year over year. That can tighten options in specific price ranges, even if the overall inventory number remains high.

Seasonality Still Matters in the Keys

• Inventory often builds after January 1, once holiday plans pass and sellers list for the spring season.
• Buyer urgency tends to concentrate on the best homes, especially those that show well and are priced correctly from day one.

Buyer and Seller Takeaways

• For buyers: With inventory still high, buyers often have more leverage and more choices. At the same time, the best listings can still move quickly, so preparation matters. See Florida Keys home buying guidance.
• For sellers: The market is still producing closings, but it is not rewarding guesswork. Pricing, presentation, and preparation are the difference between a clean sale and a long negotiating runway. See Florida Keys home selling guidance.

Stay Informed

For a quick read on how these countywide numbers apply to a specific neighborhood, property type, or price range, use the contact form here: contact Jim Signor.