Monday, March 5, 2012

Miami pending home sales up 25 percent

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.

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