Key Largo (33037) buyers are locking up contracts faster than sellers are listing new homes. That imbalance, not a single headline number, is the story behind July 2026’s residential statistics.
Market Read: Pending inventory jumped 52% year over year, even as new listings fell 24%. Key Largo buyers are locking up contracts on a shrinking flow of new inventory.
Key Largo Market Report July 2026
Key Largo Residential Statistics: July 2026 vs. July 2025
| Metric | July 2026 | Change from July 2025 |
|---|---|---|
| Active Inventory | 299 | ▼ 3.5% |
| Pending Inventory | 41 | ▲ 52% |
| Closed Sales | 33 | ▲ 18% |
| New Listings | 32 | ▼ 24% |
| New Pending Sales | 30 | ▲ 15% |
| Median Sale Price | $917,500 | ▲ 21% |
What Is Driving Key Largo’s Market
Pending inventory jumped 52% year over year, the largest move on the board this month. That is not just contracts stacking up on paper. Closed sales rose 18%, so a growing share of those pending contracts are actually reaching the closing table. The median sale price climbed 21% to $917,500, the kind of gain that shows up when demand is absorbing a limited supply rather than a market cooling off.
The supply side explains why. New listings fell 24% year over year, so sellers are not replenishing inventory at the rate buyers are locking it up. That gap between shrinking new listings and surging pending contracts is what is pushing price and speed higher together.
What This Means for Buyers and Sellers
For buyers, waiting for more listings to hit the market has not been paying off this year. New listings are shrinking, not growing, and the ones that do list are attracting pending contracts quickly. Browse current Key Largo homes for sale to see what is actually on the market today.
For sellers, a 24% drop in new listings paired with a 21% price gain is a favorable combination rarely seen together. If you have been considering listing in Key Largo, this is a reasonable window to talk through timing. Learn more about selling your Key Largo home.
Frequently Asked Questions
How many homes are for sale in Key Largo right now?
Active inventory in Key Largo (zip code 33037) stood at 299 residential listings in July 2026, down 3.5% from a year ago. Supply has held fairly steady rather than swinging sharply in either direction.
Is Key Largo leaning toward a buyer’s market or a seller’s market in 2026?
Seller’s market, and the clearest sign is how fast new listings are finding buyers. Key Largo saw 30 new pending sales against just 32 new listings in July 2026, meaning nearly every home that came on the market picked up a contract in the same month. That kind of near one-to-one match between new supply and new demand favors sellers.
What is the median home price in Key Largo?
The median sale price for Key Largo residential properties was $917,500 in July 2026, up 21% from a year ago, one of the stronger year-over-year price gains in the Florida Keys this year.
Are new listings increasing in Key Largo?
No. New listings in Key Largo fell 24% year over year in July 2026, even as new pending sales rose 15%. Fewer sellers are putting homes on the market while buyer activity keeps building.
Data source: Florida Realtor SunStats, Key Largo (zip code 33037) Residential, July 2026 vs. July 2025. Figures may be revised by the source after publication. Information deemed reliable but not guaranteed.