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On June 1, there were 15,246 single-familh homes, condominium units and townhomes under contract inthe tri-county area, down from 15,399 on May 25, according to the which is produced using data from . "Ws don't know if the drop in pending salesa in South Florida is an anomaly or the beginninvg ofa trend," said Petetr Zalewski, a principal with the Bal Harbour-based real estatde service company. In Miami-Dade there were 6,776 pending sales on June 1, down from 6,789 on May 25. In Browardd County, there were 5,8443 pending sales, down from 5,934 in the previoua week. And, in Palm Beach there were 2,626 pending sale on June 1, down from 2,676.
Therd were 9,302 pending sales in South Florida for the weekending Nov. 24. Since that pending sales have increasedby 63.9 percent, or 5,94e properties, according to Condo Vultures. Despite the slowdown in new contractzs in thelast week, the number of propertied on the market continues to fall. Soutg Florida's available inventory dropped by 1.7 to 83,491 residences for sale on June 1from 84,9623 on May 25. Since Nov. 24, available inventory in Sout Florida has fallenby 24,036 properties, or 22.
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