Key Biscayne Real Estate – Sept. 2018

Despite rising interest rates and increased inventory, the Key Biscayne real estate market continued to reflect steady activity during September 2018.  On a yearly basis, September and October raw numbers tend to reflect the months of the year of slowest activity (seasonality). As an example, total sales decreased 15% from August 2018 to September 2018. Key Stats as follows:

  • Total Inventory rose by 7% from Sept. 2017 to Sept. 2018
  • Total number of sales transactions  increased by 23% from Sept. 2017 to Sept. 2018
  • Inventory absorption improved from 30 months worth of inventory during Sept. 2017 to 27 months during Sept. 2018