Despite a lull in activity, Inventory continued to shrink in the Brickell Condo market during during December 2019. Developers in the area continue to sit on the sidelines, thus buyers continue to absorb properties on the re-sale market. Key stats as follows:
- Inventory dropped by 13% from Dec. 2018 to Dec. 2019
- Total # of units sold decreased by 8% from Dec. 2018 to Dec. 2019
- Inventory absorption improved from 25 months worth of inventory to 23 months worth of inventory.