Key Biscayne Real Estate – Feb. 2019

Real Estate activity in Key Biscayne continued to slow down during February of 2019 as inventory saw a slight increase and sales dropped. The main culprits have been the strong dollar and weakening in some Latin American economies. Stats as follows:

  • Inventory rose by almost 2% from Feb. 2018 to Feb. 2019
  • Total number of sales decreased by 38% from Feb. 2018 to Feb. 2019
  • Monthly inventory absorption decreased from 33 months worth of inventory during Feb. 2018 to 55 months worth of inventory during Feb. 2019