Resilience

Despite the Covid-19 lockdown, there was actually Real Estate activity in Key Biscayne during April of 2019. Some segments of the market, like single family rentals, actually saw increased demand as families typically begin to move this time of the year.  Basic stats as follow:

  • Total Sales dropped by 32% from April 2019 to April 2020
  • Inventory decreased by 9% from April 2019 to April 2020
  • Inventory absorption worsened from 20 months during April 2019 to 26 months during April 2020