Brickell Condo Market Jan. 2019

Despite the good health of the US economy, overall activity in the Brickell condo market slowed down during the month of Jan. 2019. This can be attributed to a strong dollar vs latin american currencies and a continued increase in inventory. Key stats as follows:

  • Inventory rose by 2% from Jan. 2018 to Jan. 2019
  • Total Sales decreased by 10% from Jan. 2018 to Jan. 2019
  • The rate of inventory absorption worsened from 26 months worth of inventory during Jan. 2018 to 30 months during Jan. 2019