South Florida home inventory drops, sales rise

South Florida residential inventory (Click to enlarge image)
South Florida residential inventory (Click to enlarge image)

Residential inventory in South Florida decreased to 31,760 from 31,946 active listings for the week ending May 13, 2013. During the same period, pending sales increased slightly, to 24,828 from 24,199.

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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