Key Biscayne Real Estate – Oct. 2018

Activity in the Key Biscayne Real Estate slowed down during the month of Oct. 2018.   While inventory remained flat from last month, sales dropped by 18% signalling the start of the yearly “Low Season”. Key Stats:

  • Inventory rose by 5% from Oct. 2017 to  Oct. 2018
  • Sales dropped by 7% from Oct. 2017 to Oct. 2018
  • The rate of monthly inventory absorption worsened from 27 months worth of inventory in Oct. 2017 to 30 months in Oct. 2018