Key Biscayne Real Estate – April 2017

April 2017 statistics present a mixed bag of results versus April 2016. A rising interest rate environment, strong dollar vis a vis Latin currencies and increased inventory have slowed down the activity; though “pending” (under contract, but not settled yet) transactions have risen as prices drop. Key Statistics:

  • Total Inventory rose by 22% from April 2016 to April 2017
  • Total # of units sold decreased by 25% from April 2016 to April 2017
  • Months worth of inventory rose from 17 months in April 2016 to 28 months in April 2017
  • As noted, though it may be just a blip, “pending” transactions (under contract but not settled yet) rose by 14% from April 2016 to April 2017 and rose by 39% from March 2017 to April 2017