High season delivered a healthy mid-year boost to Greater Downtown's luxury condo market this second quarter, with consistent year-over-year sales and prices peaking to an all-time high. Further, luxury condos sold in about two months, and inventory levels reached 18 months, indicating a stable market even as the overall mood shifted towards a soft buyer's market.

In Q2 2024, Edgewater emerged as the most robust market of the quarter in Greater Downtown, reporting a 36% increase in year-over-year sales. The bayfront neighborhood also maintained its title as the most expensive market for luxury condos in the Greater Downtown area, recording a median Price/SF of $944. 

Interestingly, Brickell remained the highest volume contributor to sales growth and emerged as the fastest-selling neighborhood, with properties taking only 51 days to sell on average, a nod to this financial district's consistent popularity.

Read below for our exclusive and in-depth analysis of how Greater Downtown, Edgewater, Brickell, and Downtown Miami responded to high season in Q2 2024, along with a detailed comparison to the overall Miami luxury condo market trends in terms of sales, prices, days on market, and inventory.

Greater Downtown Miami Luxury Condo Markets at a Glance - Q2 2024 YoY (Number of Sales)

Greater Downtown Miami Luxury Condo Markets at a Glance - Q2 2024 YoY (Median Sales Price)

Greater Downtown Miami Luxury Condo Markets at a Glance - Q2 2024 YoY (Median SP/SqFt)

Q2 2024 Greater Downtown Miami Real Estate Market Highlights:

• Brickell led the market with the highest sales volume (83 sales) 
• Edgewater reported the highest percentage YoY sales growth (36%)
• Brickell posted the highest median sales price ($1.4 million)
• Edgewater commanded the highest price per square foot ($944)

For this report, we've only included areas with zipcodes 33129, 33130, 33131, 33132, 33137 – Brickell Hammock, Brickell, Brickell Key, Downtown Miami, Arts & Entertainment District, Edgewater, Wynwood, Midtown and the Design District. 

This luxury condo market report only features properties priced $1 million and above, and generally does not include pre-construction condo sales.

Q2 2024 - Greater Downtown Miami Area Luxury Condo Market Highlights

• Flat Sales: Q2 2024 volumes matched those of the previous year, confirming market stability.
• The 12-month Sales Trendline transitioned from a negative in Q1 2024 to positive curve in Q2 2024.
• Price per Square Foot edged to highest-ever at $893, surpassing the previous year's high by a slight margin.
• Median Sales Price flat year-over-year at $1.35M.
• Days on Market down year-over-year to 70 days.
• Inventory up to 18 months.
• Greater Downtown Miami transitioned to a soft buyer's market, while certain segments still offered sellers equal footing.

Q2 2024 - Greater Downtown Sub-Neighborhood Highlights

• Winner: In the Greater Downtown Miami area, Edgewater stood out as the top-performing market. It led the way in terms of year-over-year sales growth, achieving an impressive 36% increase.
• The 12-Month Sales Trendline is positive across the board, except in Downtown Miami.
• Winner: Luxury condos in Brickell offered maximum value to sellers in Greater Downtown, recording the highest percentage gain (7%) in year-over-year Price per Square Foot.
• Winner: Edgewater remained the most expensive neighborhood in Greater Downtown with a Price of $944/Square Foot.
• Winner: Brickell reported the highest Median Sales Price in Greater Downtown at $1.4 million.
• Winner: Brickell emerged as the fastest-selling market of Greater Downtown, with luxury condos taking only 51 days to sell.
• Brickell continued reporting the lowest levels of inventory in the Greater Downtown area at 16 months.

Table of Contents

1. Greater Downtown Miami Q2 2024 Luxury Condo Trends
2. Edgewater Q2 2024 Luxury Condo Trends
3. Brickell Q2 2024 Luxury Condo Trends
4. Downtown Q2 2024 Luxury Condo Trends
5. Conclusion
   
   

— Greater Downtown Miami Q2 2024 Luxury Condo Trends

Greater Downtown Miami Sales Trends

Mostly aligned with the overall Miami market trend of higher quarter-over-quarter and year-over-year sales, Greater Downtown reported the following notable stats this high season.

Key Q2 2024 Sales Statistics for Greater Downtown Miami:

• Q2 2024 vs Q2 2023. Sales mostly stayed flat, increasing by 2.3%, slightly up from 133 in Q2 of the previous year to 136 sales in the same quarter this year. (Fig.1.1)

It's worth noting that Q2 2024 reported stable year-over-year numbers, showing continued buyer enthusiasm and market stability for luxury housing in Miami's urban core. (Fig. 2.1)

• Q2 2024 vs Q1 2024. Sales soared 46.2% quarter-over-quarter, up from 93 in the previous quarter to 136 in Q2 2024. (Fig. 1)
• Brickell remained the highest volume contributor, reporting 83 sales in Q2 2024. On the other hand, Edgewater emerged as the highest percentage contributor (36% year-over-year) to sales in the Greater Downtown area this second quarter.

Looking into the Monthly Sales trends of Fig. 2.2 for Greater Downtown Miami:

• April 2024 closed with 43 sales, higher than the 32 sales noted during the same month a year ago.
• May closed with 67 luxury condo sales, again higher than the 53 sales noted in the comparable month of 2023.
• June closed with 26 sales, lower than the 48 sales noted for the same period in 2023.

Boosted by high season demand, the 12-month Sales Trendline of Fig. 2.3 transitioned from a negative trajectory in Q1 2024 to a positive curve in Q2 2024. Pairing this with our daily observations, as luxury condo market experts, we expect Greater Downtown's luxury condo market to maintain a healthy pace going into the typically slower third quarter (based on historical data analysis).

Greater Downtown Miami Luxury Condo Quarterly Sales 2015 - 2024 - Fig. 2.1

Greater Downtown Miami Luxury Condo Monthly Sales from Jan. 2016 to Jun. 2024 - Fig. 2.2

Greater Downtown Miami Luxury Condo 12-Month Sales with Trendline - Fig. 2.3

Greater Downtown Miami Price Trends

Echoing the overall Miami trend of a higher year-over-year Price per Square Foot and Median Price, this mainland grouping reported the following positive Price Stats in Q2 2024:

• Q2 2024 vs Q2 2023. Price per Square Foot peaked to its highest value in recent history at $893, nudging past its previous year value by 2%. The stat recorded a slight uptick from $875/square foot in Q2 2023 to $893/square foot for the same quarter in 2024. (Fig. 1.1)
• Q2 2024 vs Q1 2024. Price per Square Foot was mostly flat quarter-over-quarter as well, adjusting only 1.8%, up from $877 in the previous quarter to $893 in Q2 2024. (Fig. 1)

A closer look at the 5-year snapshot of Quarterly luxury condo prices below (Fig. 3) shows that the Price per Square Foot in Greater Downtown Miami has gradually been on the increase since Q1 2021, delivering four years of consistent gains to sellers in Miami's urban core. However, in our experience as a boutique brokerage serving the Greater Downtown Miami area for over 15 years, we expect prices to moderate with single-digit gains moving forward.

• Q2 2024 vs Q2 2023. Median Sales Price also stayed mostly flat, adjusting by 0.9%, marginally up $1,337,500 in Q2 last year to $1,350,000 for the comparable quarter in 2024. (Fig. 1.1)

Greater Downtown Miami Luxury Condo Quarterly Price per Sq. Ft. 2017-2024 - Fig. 3

Considering selling your property in one of these submarket? Visit our exclusive website to get a free valuation of your Miami property! Call or email us for a detailed analysis of how you can close with the maximum return.

Greater Downtown Miami Days on Market Trends

Days on Market down 14.3% year-over-year. Moving against the overall Miami market trend of flat quarter-over-quarter values and an increase in year-over-year numbers, Greater Downtown Miami reported the following Days on Market (DOM) statistics:

• Q2 2024 vs Q2 2023. Luxury condos spent 10 fewer days on the market compared to Q2 last year, posting a 14.3% decline in year-over-year stats. (Fig. 1.1)
• Q2 2024 vs Q1 2024. Luxury condos spent eight fewer days on the market compared to Q1 2024, reporting a 10.3% decrease in quarter-over-quarter DOM. (Fig. 1)
• At 70 days, the statistic shows a marked improvement in buyer-seller communication as sales took fewer days to close (on a median basis).

Greater Downtown Miami Luxury Condo Quarterly Days on Market 2018 - 2024 – Fig. 4

Greater Downtown Miami Inventory Trends

Q2 2024 closed with 18 months of inventory. Aligning with historical trends, luxury condo inventory gradually declined in response to heightened seasonal demand during this second quarter. Further echoing the overall Miami trend of a decline in quarter-over-quarter numbers and an increase in year-over-year inventory, luxury condos in Greater Downtown Miami reported the following stats for Q2 2024:

• On a quarter-over-quarter basis, inventory dipped from 24 months in March 2024 to 18 months mid-year, recording a 33.3% decrease. (Fig. 5)
• On a year-over-year basis, inventory was up from 13 months in June 2023 to 18 months in June this year, reporting a 38.5% increase.

As inventory closed above the ideal 9-12-month range, Greater Downtown is now a soft buyer's market, echoing the overall market mood. As a result of this expansion, buyers can expect more luxury housing options to fall within their preferred price range. On the other hand, we recommend flexible pricing for sellers to optimize returns.

As market veterans, we further predict higher inventory levels to keep the market buyer-friendly through the remainder of 2024 as we head into the relatively slower third and fourth quarters.

Greater Downtown Miami Luxury Condo Months of Inventory from Mar. 2019 to Jun. 2024 - Fig. 5

A balanced market has only 9-12 months of inventory. The months of inventory are calculated as – no. of active listings + no. of pending listings divided by the average number of deals in the last six months.

Are you interested in living closer to work in Brickell or the bay in Miami's Edgewater neighborhood? Click to use our customizable search tool and browse luxury condos for sale in the Greater Downtown Miami area.

— Edgewater Luxury Condo Market Trends

Edgewater Sales Trends

Echoing the overall market trend of higher quarter-over-quarter and year-over-year sales, Edgewater reported the following positive stats this high season:

• Q2 2024 vs Q2 2023. Sales increased 35.7% year-over-year, up from 28 in Q2 last year to 38 sales in the same quarter this year. (Fig. 6.1)

It's worth noting that Edgewater reported the highest percentage increase in year-over-year volume of all the neighborhoods under analysis in this report, leading sales growth in the Greater Downtown market. Further, sales surpassed the previous year's peak season volume, indicating that this sub-market performed exceptionally well within the new, improved parameters set in Miami's supercharged, post-pandemic luxury condo market. (Fig. 7.1)

• Q2 2024 vs Q1 2024. Sales jumped 72.7% quarter-over-quarter, up from 22 in the previous quarter to 38 sales in Q2 2024. (Fig. 6)

Owing to intense buyer demand, the 12-month Sales Trendline of Fig. 7.2 shifted course from a negative in Q1 to a positive trajectory in Q2 2024.

Edgewater Luxury Condo Quarterly Sales 2015 - 2024 - Fig. 7.1

Edgewater Luxury Condo 12-Month Sales with Trendline - Fig. 7.2

Edgewater Price Trends

Deviating from the overall Miami trend of a higher year-over-year Price per Square Foot and Median Price, luxury condos in Edgewater reported the following Price Stats in Q2 2024:

• Q2 2024 vs Q2 2023. Price per Square Foot stayed flat, adjusting only by -1.5%, marginally down from $958 in Q2 last year to $944 for the same quarter of 2024. (Fig. 6.1)
• Q2 2024 vs Q1 2024. Price per Square Foot was mostly flat, adjusting by 2.1%, slightly up from $924 in the previous quarter to $944 in Q2 2024. (Fig. 6)
• A closer look at the 5-year snapshot of Quarterly luxury condo prices below (Fig. 8) shows that the Price per Square Foot stayed in the higher ranges during Q2 2024, indicating that sellers consistently received great value for their luxury condo investments in this premium bayfront neighborhood.
• With a Price per Square Foot of $944, Edgewater maintained its title as the most expensive neighborhood in the Greater Downtown area.
• Q2 2024 vs Q2 2023. Median Sales Price decreased 7.6%, down from $1,455,000 in Q2 last year to $1,345,000 for the comparable quarter this year. (Fig. 6.1)

Edgewater Luxury Condo Quarterly Price per Sq. Ft. 2017-2024 - Fig. 8

Edgewater Days on Market Trends

Days on Market up 30% year-over-year. Partially aligned with the overall Miami trend of flat quarter-over-quarter values and an increase in year-over-year numbers, Edgewater reported the following Days on Market (DOM) statistics:

• Q2 2024 vs Q2 2023. Luxury condos spent 23 more days on the market compared to Q2 of the previous year, recording a 30% increase in year-over-year stats. (Fig. 9)
• Q2 2024 vs Q1 2024. Luxury condos spent 14 more days on the market than in Q1 2024, reporting a 16% increase in quarter-over-quarter DOM.
• A 101 Days on Market suggests luxury condos took longer to sell in this Bayfront neighborhood. However, considering that sales activity improved compared to a year ago, this can mean that certain older listings, which were likely paused and re-listed, contributed to the statistic's inflation rather than an actual breakdown of buyer-seller communication.

Edgewater Luxury Condo Quarterly Days on Market 2018-2024 – Fig. 9

Edgewater Inventory Trends

Q2 2024 closed with 17 months of inventory. Reflecting the overall Miami trend of a decline in quarter-over-quarter numbers and an increase in year-over-year inventory, luxury condos in Miami's Edgewater neighborhood reported the following stats for Q2 2024:

• On a quarter-over-quarter basis, inventory was down from 29 months in March to 17 months in June this year, reporting an incredible 41.4% decrease. (Fig. 10)
• On a year-over-year basis, inventory increased from 13 months in June 2023 to 17 months in the same month this year, reporting a 30.8% increase.
• At 17 months, inventory closed above the 9-12-month range of a balanced market, providing more choices within your desired price range in this soft buyer's market.

As a top seller's brokerage and agent in Edgewater, we can provide a free evaluation of your luxury condo and position it to attract the best offers. You can call, chat, or e-mail us, and an expert, local real estate agent will help you.

Edgewater Luxury Condo Months of Inventory from Mar. 2019 to Jun. 2024 - Fig. 10

A balanced market has only 9-12 months of inventory. The months of inventory are calculated as – no. of active listings + no. of pending listings divided by the average number of deals in the last six months.

— Brickell Luxury Condo Market Trends

Brickell Sales Trends

Partly consistent with the overall Miami market trend of higher quarter-over-quarter and year-over-year sales, Brickell reported the following key sales statistics:

• Q2 2024 vs Q2 2023. Sales remained flat in this financial district compared to a year ago, recording the same 83 sales as seen in Q2 2023. (Fig. 11.1)
• It's worth noting that Brickell has consistently been the top volume contributor to overall sales in the Greater Downtown area since 2021. This highlights the growing appeal and steady demand for luxury housing in Miami's business district. (Fig. 12.1)
• Q2 2024 vs Q1 2024. Sales jumped 59.6%, up from 52 in the previous quarter to 83 sales in Q2 2024. (Fig. 11)

Capturing high season momentum, the 12-month Sales Trendline of Fig. 12.2 transitioned from a negative trajectory in Q1 2024 to a positive curve in Q2 2024.

Brickell Luxury Condo Quarterly Sales 2015 - 2024 - Fig. 12.1

Brickell Luxury Condo 12-Month Sales with Trendline - Fig. 12.2

Brickell Price Trends

Aligned to the overall Miami market trend of a higher year-over-year Price per Square Foot and Median Price, luxury condos in Brickell reported the following notable Price Stats in Q2 2024:

• Q2 2024 vs Q2 2023. Price per Square Foot increased 6.6%, up from $838 in Q2 last year to $893 for the same quarter in 2024. (Fig. 11.1)
• Q2 2024 vs Q1 2024. Price per Square Foot stayed flat, reporting a slight uptick of 1.8%, up from $877 in the previous quarter to $893 in Q2 2024. (Fig. 11)
• Price per Square Foot reached a new all-time high of $893/square foot (Fig. 13), indicating that most sellers in this financial district reaped lucrative returns on their luxury condo investments.
• Brickell also emerged as the only sub-market to report the highest percentage growth (7%) in year-over-year Price per Square Foot out of all the neighborhoods under review in this quarterly analysis.
• Q2 2024 vs Q2 2023. Median Sales Price stayed more or less flat, slightly increasing by 2.8%, up from $1,337,500 in the second quarter last year to $1,375,000 in Q2 this year. (Fig. 11)

Brickell Luxury Condo Quarterly Price per Sq. Ft. 2017-2024 - Fig. 13

Brickell Days on Market Trends

Days on Market down 39% year-over-year. Deviating from the overall Miami trend of flat quarter-over-quarter numbers and an increase in year-over-year values, Brickell reported the following positive Days on Market (DOM) statistics:

• Q2 2024 vs Q2 2023. Luxury condos spent 33 fewer days on the market compared to Q2 last year, reporting a 39% decline in year-over-year stats. (Fig. 14)
• Q2 2024 vs Q1 2024. Luxury condos spent 28 fewer days on the market than in Q1 2024, reporting a 35.4% decrease in quarter-over-quarter DOM.
• With luxury condos taking only 51 days to be sold, Brickell emerged as the fastest-selling market in Greater Downtown this second quarter, indicating aligned buyer-seller expectations.

Brickell Luxury Condo Quarterly Median Days on Market 2018 – 2024 - Fig. 14

Brickell Inventory Trends

Q2 2024 closed with 16 months of inventory. Echoing the overall Miami trend of a decrease in quarter-over-quarter numbers and an increase in year-over-year inventory, luxury condos in Brickell reported the following stats for Q2 2024:

• On a quarter-over-quarter basis, inventory was down from 21 months in March 2024 to 16 months in June this year, reporting a 23.8% decrease. (Fig. 15)
• On a year-over-year basis, inventory was up from 12 months in June 2023 to 16 months for the comparable month this year, posting a 33.3% uptick.
• At 16 months, inventory closed above the 9-12-month range of a balanced market, indicating a shift into a soft buyer's market. This dynamic financial district also continued reporting the lowest levels of inventory in Greater Downtown Miami.

Brickell Luxury Condo Months of Inventory from Mar. 2019 to Jun. 2024 - Fig. 15

A balanced market has only 9-12 months of inventory. The months of inventory are calculated as – no. of active listings + no. of pending listings divided by the average number of deals in the last six months.

— Downtown Miami Luxury Condo Market Trends

Downtown Miami Sales Trends

In contrast to the overall Miami market trend of higher quarter-over-quarter and year-over-year volumes, Downtown Miami reported the following key sales statistics:

• Q2 2024 vs Q2 2023. Sales declined 31.8% year-over-year, down from 22 in Q2 of the previous year to 15 sales for the same quarter this year. (Fig. 15.1)
• Q2 2024 vs Q1 2024. Sales decreased 21.1% quarter-over-quarter, down from 19 in the previous quarter to 15 sales in Q2 2024. (Fig. 15)

The 12-month Sales Trendline of Fig. 17.2 kept its negative trajectory from Q4 2023 through to Q2 2024, showing signs of a slower-than-usual third quarter.

Downtown Miami Luxury Condo Quarterly Sales 2015 - 2024 - Fig. 16.1

Downtown Miami Luxury Condo 12-Month Sales with Trendline - Fig. 16.2

Downtown Miami Price Trends

Deviating partly from the overall Miami trend of a higher year-over-year Price per Square Foot and Median Price, Downtown Miami reported the following Price Stats in Q2 2024:

• Q2 2024 vs Q2 2023. Price per Square Foot decreased 4.4%, down from $743 in Q2 2023 to $710 for the same quarter this year. (Fig. 15.1)
• Q2 2024 vs Q1 2024. Price per Square Foot declined 13.1%, down from $817 in the previous quarter to $710 in Q2 2024. (Fig. 15)
• Closing the quarter at a price of $710/square foot, Downtown Miami continued to be the most affordable entry point into Miami's luxury condo market for buyers.
• A closer look at the 5-year snapshot of Quarterly luxury condo prices below (Fig. 17), shows that Downtown prices closed in the mid-ranges, affording sellers fair value for their luxury properties.

• Q2 2024 vs Q2 2023. Median Sales Price increased 6.3%, up from $1,237,500 in Q2 of the previous year to $1,315,000 for the same quarter this year. (Fig. 15.1)
• This difference in Price per Square Foot and Median Sales Price trends could be influenced by sales of larger luxury condos outpacing those of smaller-sized units during the second quarter, thus spreading the price per square foot thinly even as the median price increased.

Downtown Miami Luxury Condo Quarterly Price per Sq. Ft. 2017-2024 - Fig. 17

Downtown Miami Days on Market Trends

Days on Market up 53% year-over-year. Partly consistent with the overall Miami market trend of increase in year-over-year numbers, Downtown Miami reported the following Days on Market (DOM) statistics:

• Q2 2024 vs Q2 2023. Luxury condos spent 36 more days on the market compared to a year ago, reporting a 53% increase in year-over-year stats. (Fig. 18)
• Q2 2024 vs Q1 2024. Luxury condos spent 39 more days on the market than in Q1 2024, recording a 60% increase in quarter-over-quarter DOM.
• At 104 days, luxury properties sold at a slower pace, indicating inconsistency between buyer-seller expectations.

Downtown Miami Luxury Condo Quarterly Median Days on Market 2018 – 2024 - Fig. 18

Downtown Miami Inventory Trends

Q2 2024 closed with 26 months of inventory. Aligned to the overall Miami trend of a decline in quarter-over-quarter numbers and an increase in year-over-year inventory, luxury condos in Downtown Miami reported the following stats for Q2 2024:

• On a quarter-over-quarter basis, inventory decreased from 27 months in March to 26 months in June this year, reporting a 3.7% decline. (Fig. 19)
• On a year-over-year basis, inventory increased from 18 months in June 2023 to 26 months in June this year, reporting a 44.4% uptick.
• At 26 months, Downtown had the highest inventory of all the Miami neighborhoods in our quarterly review. Also, as inventory surpassed the 9-12-month range of a balanced market, this surplus brings buyers a greater advantage by having a wider selection of luxury properties within their desired price range.

Downtown Miami Luxury Condo Months of Inventory from Mar. 2019 to Jun. 2024 - Fig. 19

A balanced market has only 9-12 months of inventory. The months of inventory are calculated as – no. of active listings + no. of pending listings divided by the average number of deals in the last six months.

— Conclusion

Aligning with historical trends and the overall luxury condo market sentiment in Miami, Greater Downtown Miami reported positive sales stats in Q2 2024. As predicted in our Q1 2024 luxury housing report, sales reported stable year-over-year volumes and an expected high season boost with an increase in quarter-over-quarter numbers.

The 12-month Sales Trendline corrected to a positive for the majority of sub-markets in this quarterly analysis, indicating market stability even as we head into a slower-paced third quarter. Downtown Miami was the only neighborhood to report an exception with a negative trendline in Q2 2024.

Edgewater emerged as the most popular neighborhood in the Greater Downtown area, leading sales growth with a 36% increase in year-over-year sales, while other neighborhoods recorded flat or lower sales.

In our price watch for Q2 2024, Greater Downtown Miami reported a record-setting Price per Square Foot at $893, indicating sellers received exceptional value for their luxury properties in Miami's urban core. A closer look reveals that luxury condos in Brickell afforded sellers the highest percentage year-over-year gains in terms of price per square foot. As always, Edgewater undisputedly remained the most expensive neighborhood in Greater Downtown, reporting the highest price per square foot at $944.

Luxury condos in Brickell sold at an average pace of 51 days, making it the fastest-selling market of Greater Downtown Miami in Q2 2024. The financial district also reported the lowest levels of inventory (16 months) in this quarterly analysis – making it Greater Downtown's most dynamic market.

With inventory up across the board and above the 9-12-month range of an ideal market, this urban core transitioned from a balanced market to a soft buyer's market. This means buyers mostly have the added advantage of having more choices fall within their price bracket. However, as luxury condo market veterans, we would also like to mention that certain sub-markets, such as investment-ready short-term rental condos, offer equal footing to buyers and sellers.

With a slower-paced third and fourth quarter ahead (as per historical trends), as luxury real estate experts, we expect the following factors to influence the luxury condo market in 2024:

• We expect Miami's growing buyer pool, including high-ticket investors, well-heeled remote workers looking to move closer to a vibrant arts and entertainment scene, and wealthy households, to continue boosting demand for larger, single-family home-sized and Airbnb-friendly investment condos.
• As Miami's reputation as a business-friendly city and corporate hub grows, and continues to attract an elite class of business leaders such as Jeff Bezos and Ken Griffin, we expect the demand for high-end housing to go up.
• We expect Miami's draw as a global city with an active lifestyle, year-round warmth, fabulous beaches, exciting social calendar, a vibrant arts and culture scene, and diversity to continue fueling demand for second homes and luxurious investment rentals.
• On the other hand, we expect a moderate pace of sales and a steady stream of new construction deliveries to keep the market buyer-friendly with relatively higher levels of inventory through to the end of the year.
  
  

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