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South Florida’s residential real estat e inventoryfell 1.1 percent in the last week with 81,15 properties on the market, accordinyg to the report, which uses data from the Florida Associationj of Realtors. That’s down from 83,49 residential resales on the market inthe tri-countyg area as of June 1. However, the glut of condoas and townhouses on themarket isn’y shrinking as fast. They represent about 61 percent of thetotap industry, up from 57 percengt in November, according to Peterf Zalewski, a principal with the Bal Harbour-based real estate consultancy and brokerage firm.
Broward has the fewest number of single-family housesw available for resalewith 10,179 properties, or 32 percen of the total South Florida inventorty of 32,125. Miami-Dade and Palm Beach counties each accoun t for 34 percent of theremaininf single-family home inventory. Palm Beacjh County has 10,888 houses for sale compared to 11,0588 houses on the resale market in according tothe report. There are 49,034 condows and townhouses on the resale Forty percent arein Miami-Dade, 33 percengt in Broward, and 27 percent in Palm The number of home sales pending in the week ended June 22 slipped 0.
5 percent to 15,564 from 15,645 on June 15, but saw a 318 increaser from June 1 when there were 15,246 pendintg sales.
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