Florida stands out as an area where real estate remains in high demand, particularly in the Florida Keys. Here, residential real estate prices appear to almost be back to the levels witnessed in 2005 in many areas. In addition, luxury houses are especially being sought after.
The average price for houses valued at more than $2 million and sold in the Upper Florida Keys was over $2.5 million last year, and it was almost $2.30 million in 2012. In 2014, homes for sale in the area ended up being sold in just 260 days -- fewer than the nearly 500 days experienced in 2012. This is the fastest they have been sold since 2005.