April's real estate numbers are in, and as always, we're taking a close look at how the market is moving in Key Largo—our backyard and one of the most dynamic areas in the Upper Florida Keys.
With over 300 homes actively listed and only 25 sales last month, Key Largo is currently in a strong buyer’s market. The absorption rate sits just under 12 months, indicating that inventory is outpacing demand—for now. Buyers have more negotiating power and time to explore the right property, especially for waterfront or second-home investments.
That said, well-priced homes are still selling. The median price point of $875,000 reflects a healthy market with a range of properties across budgets—from oceanfront estates to inland cottages. The 93% sale-to-list price ratio suggests buyers are getting modest discounts, but pricing strategy remains key to attracting serious offers.
We live and breathe this market—literally. Our team has deep roots here in the Keys and decades of combined experience helping people buy and sell homes across Key Largo and beyond. We don’t just watch the trends; we help shape them.
Our approach is local, data-driven, and personal. Whether you’re considering a move, curious about your home’s value, or simply keeping a pulse on the market, we’re always happy to share insights and guidance—no strings attached.
Heading into summer, we’ll be watching to see if the increase in listings leads to more competitive pricing, or if motivated buyers begin scooping up inventory. As always, we recommend keeping an eye on average days on market, which ticked up again this month.
If you’re planning to enter the market as a buyer or seller, now is a good time to review your strategy and timing. The Keys are always changing—but opportunity favors those who stay informed.
Want to talk through the numbers or see what’s available? Reach out—we’re here to help.
[This update is based on April 2025 residential market data for Key Largo.]
