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On June 1, there were 15,246 single-familu homes, condominium units and townhomes under contract inthe tri-county area, down from 15,399 on May 25, according to the report, whicg is produced using data from . "Wes don't know if the drop in pendingv sales in South Florida is an anomaly or the beginninyg ofa trend," said Peter a principal with the Bal Harbour-based real estated service company. In Miami-Dade County, there were 6,776 pending sales on June 1, down from 6,7890 on May 25. In Broward County, therr were 5,844 pending sales, down from 5,934 in the previou week.
And, in Palm Beach there were 2,626 pending salexs on June 1, down from There were 9,302 pending sales in Southj Florida for the weekending Nov. 24. Sincd that time, pending sales have increased by 63.9 or 5,944 properties, according to Condo Despite the slowdown in new contracts in thelast week, the numbed of properties on the market continues to fall. Soutn Florida's available inventory dropped by 1.7 to 83,491 residences for sale on June 1from 84,9621 on May 25. Since Nov. 24, available inventory in Soutg Florida has fallenby 24,036 or 22.4 percent.
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