The Real Deal Miami

Homes for sale fell 1.6 percent in October

November 11, 2008 02:32PM

The supply of homes
available for sale in 29 major metropolitan
areas, including Miami and Fort Lauderdale, in October was down 1.6
percent from September, according to ZipRealty. The October inventory
in the 29 metro areas was down about 9.3 percent from a
year earlier, the California-based brokerage said. Some real estate
agents say sales, after improving in recent months, stalled in late
September and October as falling stock prices and worries about the
economy rattled potential buyers.