Key Biscayne Real Estate – May 2019

We continue to see a slowdown in activity in the Key Biscayne Real Estate market. As it has been the trend lately, slowing Latin American economies and a strong dollar have been the culprits. Key stats as follows:

  • Inventory decreased by 2.6% from May 2018 to May 2019
  • Total number of units sold dropped by 50% from May 2018 to May 2019
  • The rate of Inventory absorption worsened from 11 months worth of inventory during May 2018 to 21 months during May 2019