The Real Deal Miami

A South Florida residential double dip?

August 19, 2010 04:00PM

From the South Florida website: With South Florida’s residential resale inventory having risen by nearly
3,300 properties, concerns have increased that the tri-county area
could be headed for a double dip due to oversupply, according to a new
report from Condo Vultures. For nine of the last 11 weeks, the number of
single-family homes, condo units and townhouses on the resale market
has increased, reversing a downward trend that had been happening since
the last quarter of 2008, the report says. As of yesterday, there were
68,503 residential properties on the market in South Florida. TRD