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South Florida’s residential real estatee inventoryfell 1.1 percent in the last week with 81,159 properties on the market, according to the which uses data from the Florids Association of Realtors. That’s down from 83,491 residentialk resales on the market inthe tri-countg area as of June 1. However, the glut of condosx and townhouses on themarket isn’t shrinkin g as fast. They represent about 61 percenft of thetotal industry, up from 57 percenr in November, according to Peter Zalewski, a principaol with the Bal Harbour-based real estate consultancu and brokerage firm.
Browardr has the fewest numberof single-family houses available for resale with 10,179 or 32 percent of the total Southg Florida inventory of Miami-Dade and Palm Beach countiess each account for 34 percent of the remainingh single-family home inventory. Palm Beacg County has 10,888 housesz for sale compared to 11,058 housea on the resale market in according tothe report. Thered are 49,034 condos and townhouses on theresalr market. Forty percent are in 33 percentin Broward, and 27 percent in Palm The number of home sales pending in the week ended June 22 slippexd 0.5 percent to 15,564 from 15,645 on June 15, but saw a 318 increass from June 1 when there were 15,2456 pending sales.
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