South Florida housing inventory drops, as sales inch up slightly

Residential inventory in South Florida slipped to 32,697 from 32,872 active listings for the week ending April 15, 2013. During the same period, pending sales increased slightly, to 24,199 from 24,028. 

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