Pending Sales in the Florida Keys are up sharply in year over year comparison through November 2020.
According to the market report provided by Coldwell Banker Schmitt Real Estate Company, the number of pending transactions is up 40.4% as compared to this time last year. Over the same time period, the inventory of properties for sale is down 17.8%. The year 2020 is poised to finish with a closed sales volume of over $2 billion, an all-time high for sales in the Florida Keys.
Once again, the Upper Keys, where pending sales are up 59.8%, exceeds the keys-wide increase. It has, by far, the largest reduction of inventory.
