Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 301

Posts Tagged ‘pending sales’

Broward County Pending Sales Trend Upwards

Posted by fidest press agency su sabato, 1 ottobre 2011

St. Paul Home for Sale

Image by Maggie T via Flickr

Miami, FL – Total August cumulative pending home sales – including single-family homes and condominiums – in Broward County were 0.8 percent above what they were a year earlier, up from 7,845 to 8,124, and were down three percent month-over-month from 8,124, according to the Broward Council of the 25,000-member MIAMI Association of REALTORS and the local Multiple Listing Service (MLS) systems. August Contract Activity The total number of listings – including single-family homes and condominiums – that pended during the month of August in Broward County increased 13 percent, up from 2,749 to 3,114, compared to a year earlier. Compared to the previous month, pended sales increased 5 percent. Single-family home and condominium sales that pended during the month increased 24 and 5 percent respectively. Cumulative pending condominium sales in August in Broward were 1.3 percent higher than they were a year earlier, up from 4,313 to 4,408, but were down 2.3 percent compared to the previous month. Cumulative pending single-family home sales dropped 0.3 percent, down from 3,406, compared to August 2010 and 4 percent compared to the previous month. Nationally, the Pending Home Sales Index, a forward-looking indicator based on contract signings, decreased 1.2 percent to 88.6 in August from 89.7 in July, according to the National Association of Realtors. The index is 7.7 percent higher than the 82.3 index reported in August 2010. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing. Increased pending sales are an indication of increased future sales.
The Miami Association of Realtors was chartered by the National Association of Realtors in 1920 and is celebrating more than 90 years of service to Realtors, the buying and selling public, and the communities in South Florida. Comprised of four organizations, the Residential Association, the Realtors Commercial Alliance, the Broward County Board of Governors, and the International Council, it represents more than 25,000 real estate professionals in all aspects of real estate sales, marketing, and brokerage. It is the largest local association in the National Association of Realtors, and has partnerships with more than 60 international organizations worldwide. MIAMI’s official website is http://www.miamire.com.

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