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Elliman Report: Miami Beach + Barrier Islands Sales 1Q 2019

Listing inventory slipped 0.3% year over year to 6,726, the first decline in five years. The overall trend in sales was choppy, falling 2% to 772 over the same period, the second decline in four quarters. Condo sales declined 2.3% year over year to 691 sales, and single-family sales were unchanged at 81. As a result, the pace of the market slowed slightly. Months of supply, the number of months to sell all inventory at the current rate of sales, slowed nominally by 1.6% to 26.1 months. The months of supply for the first…

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