Brickell Condos – Aug. 2019

More of the Same…

Summer continues to be slow in the Brickell Condo market as sales decreased by 16% from last month. On the bright side, inventory continues to decrease. Key stats as follows:

  • Total sales decreased 39% from Aug. 2018 to Aug. 2019
  • Inventory decreased by 8% from Aug. 2018 to Aug. 2019
  • Monthly inventory absorption worsened from 20 months worth of inventory during august 2018 to 30 months during August 2019