South Florida residential inventory down, even as pending sales climb

Residential inventory in South Florida fell to 34,535 from active listings for the week ending February 18, 2012. During the same period, pending sales increased to 23,013 from 22,531.

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. —Christopher Cameron