Brickell Condos – Feb. 2019

Real Estate Activity for condos in the Brickell area slowed down during Feb. 2019. Inventory did decline as developers in the area brought in very few projects into the market. Key stats as follows:

  • Total Inventory dropped by 1% from Feb. 2018 to Feb. 2019
  • Total number of sales decreased by 21% from Feb. 2018 to Feb. 2019
  • Inventory absorption worsened from 27 months worth of inventory during Feb. 2018 to 33 months during Feb. 2019