New data reveals the U.S. housing markets with the longest listing times, with Key West, Florida leading with a median of 105 days.
The study by multifamily marketing agency Premier Online Marketing analyzed recent “for sale” data from Realtor.com for over 900 U.S. metropolitan areas. This analysis identified the median days on the market and the median listing price for each location.
Florida accounts for 36% of the locations struggling to sell properties, including Key West. Once home to famous individuals like Ernest Hemingway and Calvin Klein, this location typically sees properties sell after a median of 105 days. With a population of over 25,500, Key West is a popular tourist destination known for its high cost of living, reflected in the median home price of $1.27 million. In recent months, out of 1,346 listings, only 8 saw price increases, while 224 experienced price reductions.
