Brickell Condo Market March 2019
Despite the decrease in sales volume in the Brickell Condo market during March 2019, the continued decrease in inventory points to a slow but coming improvement. Key stats as follows:
- Inventory decreased by 5% from March 2018 to March 2019 to its lowest level in over a year.
- Total number of units sold decreased by 12% from March 2018 to March 2019
- The rate of Inventory absorption worsened from 31 months during March 2018 to 33 months during March 2019