Active sales fall slightly as pending sales rise
The Real Deal
Residential inventory in South Florida fell to 34,558 from 34,564 active listings for the week ending February 11, 2012. During the same period, pending sales increased to 22,531 from 22,420.
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. —Christopher Cameron
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