Last month, we wrote about the property tax referendum and our prediction that the second half of the year would bring a highly active market.

We are already seeing that momentum build—especially within the 55+ market. Typically, the 55+ crowd has higher market activity between Thanksgiving and Easter. This year, we expect a "Labor Day to New Year’s Eve" market.

This shift is driven by a unique, time-sensitive window. If voters pass the property tax referendum on November 3rd, anyone who owns a homesteaded Florida property by December 31, 2026, will receive a lower property tax bill in 2027. Because of that deadline, we believe many buyers who planned to purchase in 2027 will try to accelerate their purchase into 2026.  And, I don't think this is just a 55+ phenomenon. We will likely see this wave across all demographics.

Because we are pulling future demand into the present, we expect a super busy fourth quarter followed by a very slow first quarter next year.

What does this mean for you? If you've been thinking about selling a property sometime in the next year, it might be a much better strategic move to put your house on the market this fall instead of waiting for next year.

Naturally, anything can happen. A major national headline can scare buyers into a "wait-and-see" mentality, and high interest rates do quell activity. But this tax deadline is a big motivator for buyers. If you want to know more about it or know someone who does, give us a call at (352) 708-5650.

We're here to keep you in the loop!