Brickell Condo Market Sept. 2018

Despite an increase in inventory and a rising interest rate environment, sales continued to increased in the Brickell condo market during the month of Sept. 2018.This can be attributed to a strong economy and a steady decreased in prices. Key stats as follows:

  • Inventory rose by 7.5% from Sept. 2017 to Sept. 2018
  • Sales rose by 5.5% from Sept. 2017 to Sept. 2018
  • The rate of monthly inventory absorption remained steady from 32 months worth of inventory from Sept. 2017 to Sept. 2018