Broward pending sales rise in March

The total number of residential listings that pended in March rose 7.3 percent compared to the same period in 2011, according to data from the Miami Association of Realtors. There were 4,421 listings of single-family homes and condominiums that pended during the month. “We continue to see historically strong home sales activity that is driving price appreciation in Broward County,” said Rick Burch, president of the Broward Council of the Miami Association of Realtors. “Rising pending sales point to further strength and stability in the Broward County residential real estate market. – Alexander Britell