Key Biscayne Real Estate – July 2019

Summer real estate activity in Key Biscayne continued its doldrums as evidenced by its lackluster sales numbers. Stats as follows:

  • Total Inventory rose by 4% from July 2018 to July 2019
  • Total number of units sold decreased by 10% from July 2018 to July 2019
  • Inventory absorption got worse as there were 20 months worth of inventory during July 2018 vs. 23 months during July of 2019