Brickell Condo Market – Nov. 2018

The “Low Season” continues to have little effect on condo sales in the Brickell area. Main drivers of this improvement were continued strong US economy, declining asking prices and the new tax plan that favors states, Florida included, that do not have state income tax. Key stats as follows:

  •  Inventory increased by 5% from November 2017 to November 2018 and remained flat from last month
  • Total number of condos sold increased by 11% from November 2017 to November 2018
  • Monthly Inventory absorption improved from 34 months worth of inventory during November 2017 to 32 months during November 2018
Brickell Condos Inventory, Sold and Under Contract