Takeaways
- Price discovery: well-priced homes transacted; mispriced stale listings drove the DOM increase.
- Investor pool: VR-permitted properties continued to move 30% faster than non-VR comparable inventory.
Commentary
February ran cooler than January, though the aggregate median masked it. The selling-season momentum that typically picks up in the Keys after New Year's didn't materialize in the way 2025 did — rate-sensitive second-home buyers paused.
What did move: priced-right inventory and VR-permitted properties with proven rental histories. Investor buyers showed up for the income math. Conversely, traditional second-home inventory that launched ambitiously sat.