Key Biscayne Real Estate – April 2019

While month to month figures show improvement, yearly comparison continues to show a slowdown in real estate activity in Key Biscayne. This contrast in figures can be attributed to seasonality, as the winter is high season for real estate activity here in Key Biscayne. Key stats as follows:

  • Inventory rose by 3% from April 2018 to April 2019. Yet, from last month inventory dropped almost 3%
  • Total sales dropped 31% from April 2018 to April 2019. Yet, from last month total sales increased by 37%
  • The rate of monthly inventory absorption worsened from 13 months during April 2018 to 20 months during April 2019. Yet, on a month to month it improved from 28 months in March 2019 to 20 months during April 2019.