Sellers are dropping prices by millions of dollars as more and more high-end homes are entering the market.

Over the past year, the 5 most expensive homes sold in South Florida have amounted to $255 million. And in all but one of these deals, the sellers have had to drop their listing price by several millions dollars in order to make the sale.

This abundance of choices for home buyers is turning one of the most expensive and competitive real estate locations in the country into a buyers market.

Read this article on to learn more about why now is such a good time to buy a mansion.