Residential inventory in South Florida fell to 34,085 from 34,398 active listings for the week ending March 11, 2012. During the same period, pending sales increased to 23,605 from 23,565.
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