The Real Deal Miami

S. Florida home inventory rose, sales dropped

Inventories rose by less than 300 units while sales dropped by 1,000
September 17, 2013 12:00PM


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Residential inventory in South Florida rose to 33,766 from 33,374 active listings for the week ending September 16, 2013. During the same period, pending sales dropped sharply to 22,608 from 23,178.

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