If you’ve been watching the Florida Keys real estate market, you may have noticed that the pace of new listings has been slowing. Normally, we average somewhere in the 60s for new homes hitting the market each week, but that number has been steadily dropping.
Part of the reason is seasonal. This time of year traditionally brings a lull in activity, and we expect the market to feel a little quieter. But beyond the calendar, there are some larger forces shaping seller behavior both here and nationwide.
Why Fewer Homes Are Hitting the Market
Economic Uncertainty
Many homeowners are hesitant to list because of the perception that the national economy is fragile. Even if the local market is healthy, national headlines can influence confidence.Interest Rates
With rates still elevated, some owners prefer to hold onto their current mortgages rather than step into a higher-rate loan on their next property.Expired Listings Not Renewing
Homeowners whose listings have expired are sometimes reluctant to re-list, again tied to the belief that “the market just isn’t strong enough right now.”
What This Means for the Keys
While these trends reflect what’s happening across the country, the Florida Keys market has its own rhythm. Seasonal slowdowns are normal here, and while inventory growth may feel sluggish, demand for homes in our island communities remains steady. Buyers are still looking for the right opportunities, especially those drawn by our unique lifestyle and ocean access.
The Bottom Line
Yes, new listings are down — but it’s not just a “slow market.” It’s a mix of seasonality, perception, and interest rates all playing together. If you’re a buyer, this means less new inventory to choose from, but also a chance to move quickly when the right property comes along. If you’re a seller, it means your home may face less competition on the market, which can work in your favor.
📊 Last week, 29 new listings came on the market here in the Florida Keys. You can take a closer look at them here: View the New Listings.
