More short sales on the market, lis pendens filings decline

Thirty-one percent of the residences listed for sale in South Florida as of June 12 were short-sale properties, according to data from real estate consultancy Condo Vultures. There were 83,445 residences listed for sale in early June, 25,814 of which were at some point in the short-sale process. Over the past two months, 18,120 new properties have gone into pre-foreclosure in Miami-Dade, Broward and Palm Beach counties. But the number of lis pendens filings in the three counties has actually declined over the last several months, according to the data.