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The Real Deal Miami

Pending sales in Miami-Dade, Broward show mixed results

October 28, 2011 04:54PM

Miami-Dade County followed the national trend in September, as pending home sales increased 11 percent from over a year ago to 11,296 but fell 5 percent from August, according to reports released today by the National Association of Realtors and the Miami Association of Realtors.

Nationally, the pending sales index increased 6.4 percent year-over-year, but fell 4.6 percent from a year ago.

Meanwhile, pending sales in Broward County reached 7,693 in September, 0.3 percent below September 2010 levels and 3 percent below August’s number.

However, both Miami-Dade and Broward counties showed a marked increase in pended sales in September, which measures contracts signed during the month and reflects the rising pace of sales in the region. Pended single-family home and condominium sales ballooned 26 percent year-over-year to 3,609 and rose 8 percent from August in Miami-Dade. In Broward, sales the number of sales that pended gained 13 percent from a year earlier to 3,135 — 0.7 percent above August’s level. — Adam Fusfeld