The total number of residential listings that pended in January increased by 24.8 percent, according to data from the Miami Association of Realtors. There were a total of 3,426 pending sales in January, up from 2,746 in January 2011. Pending sales, which typically predict future closing activity, continue to rise in Miami-Dade County. After a record sales year in 2011, the inventory levels declined sharply.
This current trends continue to reflect demand for Miami real estate.