Key Biscayne Real Estate – June 2019

While summer has arrived, we continue to experience a slowdown in the area. Key stats as follows:

  • Total Inventory remained flat from June 2018 to June 2019
  • Total # of units sold decreased by 13% from June 2018 to June 2019
  • The rate of absorption decreased from 14 months worth of inventory during June 2018 to 16 months during June 2019