Miami Real Estate: Miami Pending Home Sales Upticks Again

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By Michael Gerrity
The Miami Association of Realtors reported today the total current cumulative pending home sales – including single-family homes and condominiums – in Miami-Dade County increased 15 percent compared to a year ago, from 10,366 to 11,936, and .23 percent, up from 11,860, compared to the previous month.
The total number of listings, including single-family homes and condominiums, that pended during the month of May increased by 29 percent, from 2,718 to 3,508, compared to the previous year.
“International buyers increasingly are having a positive effect on the Miami real estate market, as sales continue to exceed last year’s levels, which were boosted by the homebuyers tax credit,” said Jack H. Levine, 2011 chairman of the board of the Miami Association of Realtors.  “Current figures corroborate the healthy market activity agents are experiencing first-hand and the evident demand for local properties.”

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