Realtors have always been a cycle business, its just during covid things boomed soo crazy the fall off was inevitable.. We got up to like 700 agents at one point.. We still have a decent amount of that but much more are struggling or just moved on to next trend honestly, whatever that is today (I guess day trading?) The agents that were there pre pandemic are still doing good but there are 2 markets I see right now forming and going in opposite directions down here in south florida, The really high end stuff (lets say 1 mil+ but 5 mil+ makes more sense) since new year has taken off again (wasnt bad before either) the market for that down here is insane but even tho number wise that can carry a market, transaction wise there are only soo much available. (Around 250 for really high end last year and in first qtr we might be pushing 200

)
The regular market needs an adjustment but hasnt really had one and is very stagnant. Last year I had a few rehab projects and having been thru cycle and knowing not to get caught holding ball made adjustment down on all prices to get sold, people are still delusional and dont want to take that 10% haircut to get a deal done and buyers on sideline dont have to move unless favorable to them (which is the right move to me).. I still think that market is 15% over inflated but people smarter than me keep saying prices wont go down so I think we kick the can down road some more in 2026 unfortunately, I dont think I will do any new projects this year unless its a complete no brainer but that means someone else is willing to do it for more maybe to just keep their crew busy.
The biggest issue in that market tho is they sold out to Zillow and now have to eat out of their hands, that industry is essentially on the clock like all other industries basically. Im just tryna stack until the call comes..
