Brickell Condo Market – Aug. 2018

Slowing Down…

Overall activity in the Brickell Condo market slowed down during Aug. 2018  when compared to Aug. 2017. This can be attributed to a strong US dollar, currency turmoil in some Latin American countries, increased inventory and a marked seasonality. In terms of Real Estate Activity, September, October and part of November are usually the slowest months of the year on a seasonal basis in the area. Key Stats as follows:

  • Total Inventory increased by 4.5% from Aug. 2017 to Aug. 2018
  • Total sales were down almost 12% from Aug. 2017 to Aug. 2018
  • Inventory Absorption worsened from 21 months worth of inventory during Aug. 2017 to 25 months during Aug. 2018