Key Biscayne Real Estate – Nov. 2018

Despite the fact that November is the peak of the “Low Season”, key stats for the Key Biscayne Real Estate showed improvements over last year and last month.  This can be attributed to continued economic strength in the US, declining asking prices and the new tax plan that favors states, Florida included, that do not have state income tax.  Key stats as follows:

  •  Inventory barely rose by 0.5% from Nov. 2017 to November  2018
  • Total properties sold increased by 50% from November 2017 to November 2018
  • The rate of monthly inventory absorption improved from 35 months worth of inventory during November 2017 to 24 months during Nov. 2018
Key Biscayne Properties – Inventory, Sales & Under Contract