Key Biscayne Real Estate – July 2018

Real Estate activity in Key Biscayne has been perking up during the summer as families take advantage of the summer vacations to move. Also, it is note worthy that Inventory has been slowly decreasing from a high in January 2018 of 455 properties to 398 properties in June 2018, a 15% decrease in 6 months. Key yearly stats as follows:

  • Total Inventory remained flat from July 2017 to July 2018
  • Total sales increased 27% from July 2017 to July 2018
  • Monthly Inventory absorption improved from 26 months worth of inventory in July 2017 to 20 months in July 2018