Key Biscayne Real Estate – August 2019

The slowdown in the Key Biscayne real estate activity continued throughout the summer as inventory remained relatively constant and sales activity dropped during August of 2019. Key Stats as follows:

  • Total Inventory inched up by 0.5% from August 2018 to August 2019
  • Total # of units sold dropped by 45% from August 2018 to August 2019
  • Inventory absorption worsened from 20 months worth of inventory during August 2018 to 37 months during August of 2019