Brickell Condo Market – May 2017

Sales activity in the Brickell area continues to increase as prices continue to drop and developers offer incentives to prospective buyers.  Key statistics:

  • Total # of units sold increased by 19% from May 2016 to May 2017
  • Inventory increased by 6% from May 2016 to May 2017
  • Inventory absorption rate improved from 27 months worth of inventory in May 2016 to 24 months in May of 2017