The Real Deal Miami

Miami pending sales rise 5 percent

May 31, 2012 09:00AM

The total number of residential listings in Miami that pended last month increased 5 percent compared to the same period in 2011, according to the Miami Association of Realtors. There were a total of 3,975 listings of single-family homes and condominiums that pended in April, up from 3,831 in April 2011. “We continue to be encouraged by pending home sales activity in Miami-Dade County,” said Martha Pomares, 2012 chairman of the board of the Miami Association of Realtors. “Current sales activity will further deplete beyond already-low levels, as limited supply generates multiple offers and drives price appreciation.” — Alexander Britell