Broward housing inventory down 35 percent

The number of residential listings in Broward County fell by 35 percent in 2011, according to data from the Miami Association of Realtors. There are a total of 12,997 current residential listings in the county, down from 19,899 in 2010. In December, total inventory fell 2.4 percent compared to November. “The residential housing market has reflected health and balance over the last year,” said Ernesto Vega, president-elect of the Broward County Board of Governors of the Miami Association of Realtors. “Broward County home sales and prices continue to rise and are expected to further strengthen in 2012.” Nationally, total housing inventory fell 9.2 percent at the end of December. —  Alexander Britell