South Florida pending sales continue to climb, while residential inventory falls

Residential inventory in South Florida slipped to 32,995 from 33,350 active listings for the week ending April 1, 2013. During the same period, pending sales increased slightly, to 24,413 from 24,406.

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. —Zachary Kussin