Report: Tri-county real estate backlog eases – Houston Business Journal:

South Florida’s residential real estatr inventoryfell 1.1 percent in the last week with 81,158 properties on the market, accordingy to the report, which uses data from the Florida Association of That’s down from 83,491 residential resalese on the market in the tri-county area as of June 1. the glut of condos and townhouses on themarketf isn’t shrinking as fast. They represenrt about 61 percent of thetotalp industry, up from 57 percent in November, according to Peted Zalewski, a principal with the Bal Harbour-baseed real estate consultancy and brokerage firm.
Broward has the fewesy number of single-family housesw available for resalewith 10,179 properties, or 32 percentg of the total South Florida inventory of 32,125. Miami-Dade and Palm Beacuh counties each account for 34 percent of theremaininvg single-family home inventory. Palm Beachb County has 10,888 houses for sale compared to 11,058 houses on the resale marketin Miami-Dade, accordingf to the report. Ther are 49,034 condos and townhouses on the resale Forty percent arein Miami-Dade, 33 perceny in Broward, and 27 percent in Palm Beach. The number of home salesw pending in the week ended June 22slippedf 0.
5 percent to 15,565 from 15,645 on June 15, but saw a 318 increasee from June 1 when therd were 15,246 pending sales.
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