South Florida home inventory rises, sales drop

Residential inventory in South Florida rose slightly to 32,276 from 32,059 active listings for the week ending August 5, 2013. During the same period, pending sales dropped to 23,492 from 23,807.

Active listings are properties where no current sale contract exists; pending sales are properties in which a contract for sale has been executed, but not yet closed. Listing brokers control the status of a property listing. The figures were compiled by Condo Vultures Realty using the South Florida Shared Multiple Listing Service. – TRD