Market Report – September 2025

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

florida keys market report september 2025

Snapshot of the Florida Keys Housing Market

This September 2025 update looks at the entire Florida Keys (Monroe County). The market here follows its own rhythm - things ease up in late summer, but activity never really stops in the Keys. As we turn the corner into fall, the Keys are shifting gears for another busy season filled with events, visitors, and fresh buyer activity. Reviewing these year-over-year numbers offers a clear view of where the market stands heading into the final stretch of the year.

Key Market Highlights – September 2025 vs September 2024

  • Active Inventory: 1,382 (▲ 11%)
  • Pending Inventory: 172 (▲ 8.2%)
  • Closed Sales: 139 (▲ 23%)
  • New Listings: 152 (▼ 16%)
  • New Pending Sales: 133 (▲ 11%)
  • Median Sale Price: $950,000 (▲ 16%)

Market Interpretation

September’s data paints an encouraging picture across the Florida Keys. Closed sales jumped 23% from last year, and pending activity continues to strengthen. New pending contracts rose 11%, and pending inventory is up 8.2%, showing that demand is holding firm as we roll into the busy season.

Active inventory also increased 11%, giving buyers more to choose from, while new listings actually declined 16%. That’s not a bad thing — fewer new listings can signal stability and sustained demand. It means buyers have solid choices, but sellers aren’t flooding the market, which helps keep prices healthy.

The median sale price rose to $950,000, a 16% gain over last year. Overall, it’s a balanced but energetic start to fall - more closings, more pending activity, and steady pricing momentum as the Keys head into the heart of the busy season.

On the national level, home sales reached their strongest pace in seven months, supported by improving affordability and slightly lower mortgage rates. The average 30-year fixed rate started July at 6.67% and now hovers near 6.17%, according to Mortgage News Daily. That small adjustment is giving well-positioned buyers a reason to re-engage - a trend we’re seeing play out across the Keys as the season gains momentum.

Seasonal Notes

  • Inventory tends to build after January as sellers return and listings refresh.
  • Fall marks the beginning of the busy season - Fantasy Fest, the Championship Powerboat Races, perfect weather, and more bring visitors and energy back to the islands.

These events always spark activity. Buyers visiting for festivals often turn into buyers of second homes or investment properties, while sellers gain exposure to a larger pool of interested prospects.

What This Means for Buyers and Sellers

  • Buyers: With inventory up and pending activity climbing, fall is an excellent time to get positioned before winter demand peaks. Having financing ready and understanding the local market helps you act fast on standout homes.
  • Sellers: The early-season buzz means it’s time to shine. Presentation and price accuracy matter more than ever. Serious buyers are back in town - and many want to close before year’s end to enjoy their new Keys home this winter.

Stay Informed About the Florida Keys Market

Looking for active listings across the island chain? View the latest Florida Keys MLS listings anytime at KeysListings.com.

Want to stay ahead of the market? Bookmark my real estate blog for the Florida Keys and check back here each month for updates across the Keys. Whether you’re exploring options or ready to make a move, I’ll help you navigate the Keys market with local insight and real data.

Disclaimer: Market figures reflect residential activity for Monroe County, Florida (September 2025 data). Data may be revised by the MLS and Florida Realtors. This report is for general information only and not a guarantee of future performance.