The Key Biscayne market stayed sluggish with 10 homes sold in the last 30 days, a 16.7% sales drop. Within the same time frame, Miami had 211 sales, the most of all cities in the area. Prices are rising in Key Biscayne, and the median sales price this period increased from $1,375,000 to $1,930,000. With decreasing sales and the availability of 35 months of inventory, Key Biscayne is a definite buyer's market.
Great homes don't last long in the market, so make sure you take a look at the newest listings in Key Biscayne: