Housing prices in Islamorada, Florida are on the decline and foreclosures are on the rise.

This is due primarily to the huge spike in demand that Covid created as people vacated the big cities and searched for seclusion.

That demand is now waning and interest rates have increased dramatically, causing that demand to plummet even further.

Prices spiked well above normal market values in the last 2 years and now, many of those property owners are overleveraged, causing a wave of foreclosures in Islamorada.

Browse some of the many foreclosure listings below.