Market Insights
June 2026
Late spring brought a surge of activity to the Upper Keys waterfront market. Buyer demand remained strong across all price points, with particular competition in the $1M–$2.5M canal-front segment. Sellers who priced accurately from day one saw the best outcomes, while overpriced listings sat — a pattern consistent with sophisticated buyer behavior in this market.
Published: June 2026 · By Jaclyn Kelley and The Jaclyn Kelley Group
Key Takeaways
June 2026 Highlights
Monroe County median sale price reached $1.1M in early 2026, up 12% year-over-year
Key Largo waterfront saw 25+ closed transactions with average DOM of 87 days
Islamorada luxury segment quiet but steady — limited new inventory above $4M
Tavernier emerging as a relocation favorite for Northeast families
By Neighborhood
Neighborhood Market Data
Key Largo
$1.88M
Median Price
78
Avg Days on Market
41
Active Listings
9
Closed Sales
3.4
Months Inventory
Key Largo saw strong spring activity with above-average closed sales. The canal-front segment under $2M moved particularly fast, with multiple-offer situations on well-priced listings. New construction continued to command premiums, especially homes with modern elevation and impact windows.
Tavernier
$1.38M
Median Price
90
Avg Days on Market
20
Active Listings
3
Closed Sales
4.0
Months Inventory
Tavernier's market remained consistent through June with steady demand from value-conscious buyers. The slightly higher inventory gave buyers more choices, but well-priced homes still moved within the quarter. Families relocating from the Northeast made up an increasing share of inquiries.
Islamorada
$2.72M
Median Price
102
Avg Days on Market
24
Active Listings
4
Closed Sales
3.5
Months Inventory
Islamorada's luxury market held firm in June with no significant price movement. The limited inventory above $4M kept pricing power with sellers, while the $2M–$3M segment saw more balance between buyers and sellers. Waterfront estates with modern renovations and boat lifts attracted the most interest.
Port Largo
$2.05M
Median Price
70
Avg Days on Market
13
Active Listings
3
Closed Sales
3.3
Months Inventory
Port Largo continued its reputation as one of the tightest canal communities in Key Largo. Deep-water access remains the primary value driver, and homes with updated seawalls and modern dock infrastructure commanded the strongest pricing.
Indian Harbor & Waterways
$2.35M
Median Price
82
Avg Days on Market
10
Active Listings
2
Closed Sales
3.8
Months Inventory
These premium canal communities maintained consistent pricing through June. The wide-water canals and quiet residential setting continue to attract buyers who prioritize boating infrastructure and privacy over proximity to restaurants and shopping.
Venetian Shores
$3.1M
Median Price
115
Avg Days on Market
9
Active Listings
2
Closed Sales
3.2
Months Inventory
Venetian Shores saw steady activity in June with two closed sales above $3M. The longer days on market reflect the ultra-luxury price point rather than lack of demand — buyers at this level are deliberate and well-advised. Panoramic water views and elevated modern construction remain the value drivers.
Jaclyn's Take
What This Means for You
June marked the unofficial start of hurricane season, which historically creates a brief pause in buyer urgency — but this year, the effect was muted. Serious buyers understand that a well-built, properly insured Keys home weathers storms just fine. The real story in June was inventory: still limited across the board, which continues to support pricing. Sellers who understand their positioning and price accordingly are seeing the best results.
Insurance Note
With hurricane season underway, insurance has become a more prominent topic in buyer consultations. I recommend every prospective buyer request flood and wind quotes before making an offer. Elevation, construction date, and claims history are the three biggest factors affecting premiums.
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