How does the number of properties sold through November 2020 compare with previous years?
The answer may surprise you! Even with the Florida Keys being practically shut down for two months in early 2020 due to COVID-19, the real estate market bounced back big-time with 2,953 units closed by the end of November 2020. This far exceeded the average over the past four years which was 2,531.5 and is a 13.1% increase as compared with 2019.
In the Upper Keys, the number of sales grew by 16.8% as compared to the previous year.
There are many contributing factors including historically low interest rates and demand for rural "safe" areas in response to COVID-19.
View the entire November 2020 market report.