Key Biscayne Real Estate – Jan. 2019

Following a good end of 2018, where December sales volume showed a jump of 43% from Dec. of 2017, January 2019 sales volume slowed down and saw an increase in Inventory. Stats as follows:

  • Inventory rose by 5% from Jan. 2018 to Jan. 2019
  • Total number of sales dropped by 33% from Jan. 2018 to Jan. 2019
  • The rate of monthly inventory absorption worsened from 30 months worth of inventory during Jan. 2018 to 43 months during Jan. 2019