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Monroe County, FL Real Estate News

By Jim Signor, Florida Keys Real Estate
(LoKation Real Estate - Florida Keys)
May's price acceleration wasn't a one-month blip — June pushed it further. The median sale price climbed 30% year-over-year to $1,100,000, the strongest gain of 2026, while active inventory fell 9.5% and new listings dropped 7% compared to June 2025.Pending inventory rose 20% and new pending sales climbed 13%, pointing to more closings ahead. Supply isn't just failing to keep pace with demand — it's actively shrinking.Read the full market breakdown, including what this means for Florida Keys buyers: https://www.keyslistings.com/blog/florida-keys-real-estate-market-report-june-2026/
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By Jim Signor, Florida Keys Real Estate
(LoKation Real Estate - Florida Keys)
The May 2026 Florida Keys real estate market report shows one of the strongest median price gains of the year for Monroe County residential real estate. Median sale price climbed 12% year over year to $965,000, matching the gain seen back in January.Active inventory stayed nearly flat at 1,626 homes, down just 0.8% from a year ago. Closed sales rose 15% and new pending sales were up 9.1% year over year. Pending inventory climbed 22%, suggesting this momentum has room to continue through the summer.Earlier this year, demand was running well ahead of price. May is the month price caught up.
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By Jim Signor, Florida Keys Real Estate
(LoKation Real Estate - Florida Keys)
Most Key Largo sellers enter the market with a number in their head. Sometimes it's right. More often it's based on a neighbor's sale from eight months ago or a Zillow estimate calibrated for somewhere else. Read the full post: The Key Largo Market Report Every Seller Should Be RunningA market report filtered to your neighborhood, property type, and waterfront status tracks sold prices, active inventory, and days on market. Delivered automatically once configured.Key Largo is not one market. Waterfront type, dock access, flood zone, and location within the island create real value differences that a countywide average will never capture.
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By Jim Signor, Florida Keys Real Estate
(LoKation Real Estate - Florida Keys)
The Florida Keys residential market stayed active in April 2026. Closed sales are up 22% from a year ago, new pending sales climbed 21%, and active inventory dropped to its lowest point of 2026.Fewer homes are coming to market while buyer demand holds strong. The full breakdown of all six metrics is in the April 2026 market report.Supply has tightened every month this year. Buyers who are ready to move are working in a market that continues to favor sellers on the inventory side.
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By Jim Signor, Florida Keys Real Estate
(LoKation Real Estate - Florida Keys)
Port Largo is a well-established oceanside neighborhood in Key Largo near Mile Marker 100, featuring a canal grid with direct Atlantic access, a mix of waterfront and non-waterfront homes, and a voluntary homeowners association with a community boat ramp. Most people don't know that Ocean Cay Drive was once a runway — Port Largo Airport operated from the late 1960s until 1985, and when it closed, that land became some of the most valuable oceanfront real estate in Key Largo.Full neighborhood guideHomes range from true oceanfront to canalfront to non-waterfront, giving buyers at different price points a real path into one of the Upper Keys' most sought-after addresses. The African Queen and Key Largo Princess glass bottom boat operate from Marina Del Mar at Mile Marker 100, and John Penn...
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By Jim Signor, Florida Keys Real Estate
(LoKation Real Estate - Florida Keys)
The Florida Keys residential market posted strong numbers in March 2026. Closed sales jumped 31% year-over-year, pending inventory rose 18%, and new pending sales climbed 19%. Active inventory fell 6.5% from a year ago while new listings dropped 6.1%. The median sale price reached $965,000, up 0.8% from last year.Full March 2026 market reportThe market is absorbing inventory faster than new supply is arriving — a dynamic that tends to build pricing pressure over time. Buyers who are ready to move are working with more selection today than they may have later in the spring season.
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By Jim Signor, Florida Keys Real Estate
(LoKation Real Estate - Florida Keys)
Most buyers who register on a home search site never update the saved search that gets created automatically. It is built from whatever page they were on at registration -- often the wrong price range, wrong property type, or covering far more of the Keys than they actually care about. The full guide is at KeysListings.com.In the Florida Keys, inventory is structurally limited and well-priced homes can go under contract in days. A noisy alert feed trains buyers to ignore their own alerts.Five filters fix it: price range, property type, waterfront or non-waterfront, specific area, and minimum bedrooms. Under ten minutes to set up.
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By Jim Signor, Florida Keys Real Estate
(LoKation Real Estate - Florida Keys)
The Florida Keys residential market is tightening. Pending inventory jumped 33% year-over-year in February 2026 while active inventory fell to 1,671 homes, down 3.7% from a year ago. New listings dropped 12%, meaning fewer homes are entering the market while buyer demand continues to rise.The median sale price came in at $909,500, up 2.2% year-over-year, consistent with what a tightening market typically produces over time.Full report: Florida Keys Real Estate Market Report — February 2026Contract activity has now posted strong year-over-year gains for two consecutive months while new listings have not kept pace. Buyers who wait for a better window may find fewer homes to choose from and higher prices when they get there.
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By Jim Signor, Florida Keys Real Estate
(LoKation Real Estate - Florida Keys)
Founders Park in Islamorada updated its non-resident entrance and membership rates effective March 1, 2026.The full rate schedule — daily rates, monthly and annual memberships, and 10-pack punch cards — is posted at keyslistings.com/blog/founders-park-islamorada-new-rates-effective-march-1-2026/Islamorada residents get in free. Everyone else pays a non-resident rate, with Monroe County residents in their own tier below standard non-resident pricing.
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By Jim Signor, Florida Keys Real Estate
(LoKation Real Estate - Florida Keys)
The January 2026 SunStats report for Monroe County residential real estate is now available. New pending sales reached 201, up 34% from a year ago — one of the stronger indicators in this month's data.Read the full report here: https://www.keyslistings.com/blog/florida-keys-real-estate-market-report-january-2026/Active inventory rose 10% to 1,800 homes. Closed sales increased 26% year over year. Median sale price came in at $1,100,000, up 12% from January 2025.
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By Jim Signor, Florida Keys Real Estate
(LoKation Real Estate - Florida Keys)
Florida Keys homeowners who qualify for homestead exemption can reduce taxable value and gain long-term protections under Florida law.This guide explains eligibility, Monroe County filing rules, and deadlines that apply in the Florida Keys.Full details for Florida Keys homestead exemption
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By Jim Signor, Florida Keys Real Estate
(LoKation Real Estate - Florida Keys)
December 2025 Florida Keys SunStats are out.Closed sales totaled 133, up 48% year over year. That points to real absorption when homes are positioned correctly, even with inventory still elevated.Active inventory finished the month at 1,534, while the median sale price came in at $905,000, down year over year.Full December 2025 Florida Keys market report:/blog/florida-keys-real-estate-market-report-december-2025/
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By Jim Signor, Florida Keys Real Estate
(LoKation Real Estate - Florida Keys)
Mortgage rates near recent lowsMortgage rates have been hovering near recent multi-year lows, with some borrowers seeing rates briefly dip below 6% earlier this month. Day-to-day pricing can vary by lender and timing, but the broader trend has brought more buyers back into the market.In the Florida Keys, rate movement is only part of the decision. Limited inventory and renewed buyer activity have historically influenced pricing and timing just as much as interest rates themselves. Waiting for a marginal rate improvement can sometimes mean paying more for the home later.Why this matters in the Florida KeysThe Keys are a supply-constrained market. When buyer activity increases, pricing pressure can show up quickly, sometimes faster than rate changes alone would suggest. That’s why focusin...
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By Jim Signor, Florida Keys Real Estate
(LoKation Real Estate - Florida Keys)
The November 2025 housing market numbers for Monroe County, which for real estate purposes largely reflect home sales in the Florida Keys, show a market doing two things at once. Inventory continues to build, giving buyers more choice, while buyer activity is clearly picking up at the same time. Closings are up, new pending sales are rising, and prices remain firm. That combination matters, because it suggests the market is not drifting or stalling, but actively sorting itself out.Key Market Highlights - November 2025 Active Inventory: 1,509 (▲ 5.1% compared to last year) Pending Inventory: 170 (▲ 27% compared to last year) Closed Sales: 119 (▲ 12% compared to last year) New Listings: 254 (▼ 7.0% compared to last year) New Pending Sales: 122 (▲ 16% compared to last year) Median Sale Pri...
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By Jim Signor, Florida Keys Real Estate
(LoKation Real Estate - Florida Keys)
At the end of the day, buying in the Florida Keys is about more than the view. The view is easy to fall in love with. You want to feel just as good about how you’re buying the home.If you are planning to buy a home in the Florida Keys, financing tends to get treated as paperwork, but it deserves the same attention as the home search. You want to be in the right loan for your needs and comfortable that you’re not paying more than you should.Why this matters in the KeysMany buyers in the Florida Keys are second-home or out-of-state buyers. Some plan to use a property one way now and another way later. Those details can affect which loan structure makes sense, what documentation is required, and how costs show up over time. How the home will be used (primary, second home, future plans) can...
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By Jim Signor, Florida Keys Real Estate
(LoKation Real Estate - Florida Keys)
The Federal Housing Finance Agency has released the 2026 conforming loan limits, and buyers in the Florida Keys will see a higher threshold for conventional financing. The Keys operate on a different price pattern than most Florida markets, so it helps to know how this affects your borrowing power. If you are planning a purchase, here is where to go if you are buying a home in the Keys.2026 Conforming Limit for Single Family HomesFor 2026, the conforming loan limit for a one unit home in the Florida Keys is $990,150. This limit applies to Monroe County, which covers Key Largo, Islamorada, Marathon, the Lower Keys, and Key West.Most other counties in Florida use the standard conforming limit of $832,750. The higher amount in the Florida Keys reflects the unique price structure of our loc...
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By Jim Signor, Florida Keys Real Estate
(LoKation Real Estate - Florida Keys)
I recently put together a simple new page to make it easier for people to jump straight into the Islamorada listings. It connects smoothly with my main Islamorada search page on KeysListings.com and helps organize the way buyers explore this part of the Upper Florida Keys.Living in the Upper Keys since 1977 and being licensed since 1988, I focus on giving buyers and sellers clean, accurate paths to the most up-to-date local real estate information. This new page is a quick, easy-to-remember starting point for anyone exploring Islamorada homes for sale.If you’d like to take a look, here’s the new page:RealEstateIslamorada.comAnd here is the supporting blog post with a little more detail:https://www.keyslistings.com/blog/new-islamorada-real-estate-page/
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By Jim Signor, Florida Keys Real Estate
(LoKation Real Estate - Florida Keys)
Here’s a look at how the Florida Keys market performed this October. The post breaks down the year-over-year changes in active listings, pending sales, and overall pace as we move further into season.Full blog post: https://www.keyslistings.com/blog/florida-keys-real-estate-market-report-october-2025-jim-signor-lokation-real-estate/
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By Jim Signor, Florida Keys Real Estate
(LoKation Real Estate - Florida Keys)
Just Sold in Key Largo Ocean Resort – Unit 175 Closed for $845,000We just closed on Unit 175 in Key Largo Ocean Resort. The home sold on November 17, 2025 for $845,000. We had a few challenges along the way, but everyone stayed patient and focused. I’m grateful for a smooth finish for both sides.A Solid Closing in a Popular Waterfront CommunityKey Largo Ocean Resort continues to attract buyers looking for boating access, modern construction, security, and that laid-back Keys lifestyle. The community offers an abundance of amenities, including a marina and boat ramp, swimming pool, clubhouse, fitness center, tennis and pickleball courts, basketball court, children’s playground, and a gated entrance with on-site security.Homes here remain in steady demand, especially when they are clean, ...
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By Jim Signor, Florida Keys Real Estate
(LoKation Real Estate - Florida Keys)
A 50-year mortgage sounds extreme—but in the Florida Keys, the real question is how long you plan to own the home and how the full cost fits your goals.I shared my perspective, local context, and an FAQ covering when a longer term might make sense for flexibility or investment strategy.Read the full post here → https://www.keyslistings.com/blog/should-you-consider-50-year-mortgage-florida-keys/
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