The Real Deal Miami

South Florida residential inventory continues to fall

February 25, 2013 02:00PM

Residential inventory in South Florida fell to 34,398 from 34,535 active listings for the week ending February 25, 2012. During the same period, pending sales increased to 23,565 from 23,013.

Active listings are properties where no current sale contract exists; pending sales are properties in which a contract for sale has been executed, but not yet closed. Listing brokers control the status of a property listing. The figures were compiled by Condo Vultures Realty using the South Florida Shared Multiple Listing Service. —Christopher Cameron