The Real Deal Miami

South Florida home inventory rose, sales declined

August 13, 2013 10:00AM

South Florida home inventory

South Florida home inventory (click to enlarge)

Residential inventory in South Florida rose slightly to 32,600 from 32,276 active listings for the week ending August 12, 2013. During the same period, pending sales dropped to 23,233 from 23,492.

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. — TRD