The Real Deal Miami

South Florida pending sales up again, residential inventory down

March 26, 2013 10:00AM

Residential inventory in South Florida fell to 33,350 from 33,762 active listings for the week ending March 25, 2012. During the same period, pending sales increased to 24,406 from 23,922.

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