As a tropical paradise, South Florida’s real estate market is counter-cyclical. For most of the country, real estate sales wind down in the fall while people are busy getting ready for back to school. As the season progresses, the number of listed homes and real estate sales slow to a trickle into the winter and into the new year only to gradually increase in the spring and summer months – the high season for home sales across the US. The opposite is true for South Florida. Our season begins to ramp up in September/October, Thanksgiving, the real estate market is flooded with buyers from all over the world eager for their own slice of paradise. As the new year approaches, the number of home sales build into a crescendo which lasts well into the spring, subsiding around Passover. We are experiencing a number of factors, which paired together with our normal real estate market cycle, creates a unique opportunity for both buyers and sellers. Sales are up, prices are down, money is plentiful, and foreign currencies are strong.
