Sales activity in Key Biscayne continued to be slow during October of 2019. The good news seems to be that a trend of declining inventory may be developing. Should the trend continue, we should be seeing in the relative near future an increase of sales activity on the island. Key stats as follows:

  • Total sales decreased by 5% from October 2018 to October 2019
  • Inventory declined by almost 6% from October 2018 to October 2019
  • Inventory absorption remained steady at 25 months worth of inventory from October 2018 to October 2019