Brickell Condo Markets May 2019

Maybe its my optimism but despite a drop in total number of units sold (down 6.5% from last year during the same month) , the Brickell Condo market is improving as inventory has been dropping steadily since October of 2018 (2,604 units for sale) to its lowest in 2019 so far (2,420 total units). Key stats as follows:

  • Inventory dropped 5.6% from May 2018 to May 2019
  • Total number of units sold decreased by 6.6% from May 2018 to May 2019
  • Inventory absorption remained steady at 21 months worth of inventory from May 2018 to May 2019