Data source: Florida Realtors SunStats, Monroe County Residential, October 2025 vs October 2024. Figures may be revised by the source after publication. Information deemed reliable but not guaranteed.

florida keys real estate market stats october 2025

October 2025 Florida Keys Market Update

I’m Jim Signor, Broker-Associate with LoKation Real Estate here in the Florida Keys. October was a steady and active month for the residential market across Monroe County. More homes came on the market compared to last year, buyers continued writing contracts, and closed sales finished strong. Prices eased a bit year over year, but they remain elevated by long-term standards because demand for the Keys lifestyle has not gone away.

This update gives you a clear look at where the Florida Keys residential market stands as we move toward season. If you want to see what is available right now, you can always browse the latest residential listings on KeysListings.com.

October 2025 Residential Snapshot for Monroe County

Here is how October 2025 compared to October 2024 in the Monroe County residential market:

  • Active listings: 1,430 homes (up 7.8%)
  • Pending inventory: 165 homes under contract (up 15%)
  • Closed sales: 144 homes sold (up 26%)
  • New listings: 289 homes coming to market (up 16%)
  • New pending sales: 149 homes going under contract (up 42%)
  • Median sale price: $900,000 (down 7.7%)

Inventory and New Listings

Active residential inventory continued to climb in October. The 1,430 homes on the market reflect a solid increase over October last year. New listings also improved, with 289 sellers bringing their homes to market during the month. For buyers, this means more chances to compare neighborhoods, construction types, and price ranges across the Keys.

Buyer Activity and Pending Sales

Buyer activity stayed strong. New pending sales jumped to 149 homes, a noticeable gain over last October. The month ended with 165 homes under contract in the Florida Keys residential market. Rising inventory combined with stronger buyer movement suggests a well-balanced market heading into winter.

Closed Sales and Home Prices

Closed residential sales reached 144 for the month, which is a solid year-over-year increase. The median sale price settled at $900,000. While that is lower than the same month last year, it is still high by long-term standards. Inventory remains limited here in the Keys, and properties with solid construction, good maintenance, or attractive locations continue to draw interest.

What This Market Means for Buyers

Rates have eased a bit in comparison to last year, and there are more homes available. If you are thinking about buying, this is a good time to look around. Well prepared homes still move quickly, especially when they offer boating access, updated systems, or good rental potential.

Buying in the Keys is different from many mainland markets. Flood zones, insurance, construction details, and neighborhood character all matter. My Buying in the Keys guide is a simple place to start if you want to understand how these pieces fit together.

Explore Residential Listings by Area

What This Market Means for Sellers

Homes that are priced and presented well are selling. Buyers are active, and the increase in new listings means it helps to stand out. If you have been thinking about selling, this is a reasonable time to start preparing. Good photos, a clean presentation, and accurate pricing can make a real difference.

My Selling in the Keys page walks through how I help homeowners get ready, set a strategy, and move through the process with confidence.

Have Questions?

Each part of the Keys has its own pace. If you want to talk through what is happening in your neighborhood or with your property, I am always glad to help.

I have lived in Key Largo since 1977 and have been licensed since 1988. Local knowledge matters and I am happy to share what I know about the Florida Keys residential market.

Frequently Asked Questions

Is the Florida Keys residential market still active?
Yes. Pending sales and closed sales for Monroe County residential properties were both higher than last year.

Are prices falling in the Keys?
The median residential price dipped year over year, but values remain high compared to long-term averages.

Is inventory improving for buyers?
Yes. Active residential listings and new residential listings both increased compared to last October.

How long does it take to sell a home in the Keys?
It depends on location, price point, and condition. Well prepared and well priced homes continue to draw steady interest in many parts of the Keys.