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South Florida’s residential real estate inventoryfell 1.1 percent in the last week with 81,15o9 properties on the market, accordinfg to the report, which uses data from the Floridsa Association of Realtors. That’s down from 83,4921 residential resales on the market inthe tri-county area as of June 1. However, the glut of condosz and townhouses on themarket isn’t shrinkiny as fast. They represent about 61 percent of thetotal industry, up from 57 percent in November, accordint to Peter Zalewski, a principa l with the Bal Harbour-based real estate consultancy and brokeragw firm.
Broward has the fewest numberrof single-family houses available for resald with 10,179 properties, or 32 percent of the total South Florida inventory of 32,125. Miami-Dade and Palm Beach countiesx each account for 34 percent of theremainintg single-family home inventory. Palm Beach Count y has 10,888 houses for sale compared to 11,058 houses on the resale marketin Miami-Dade, according to the report. There are 49,034 condos and townhouses on the resale Forty percent are in 33 percent in and 27 percent inPalm Beach. The number of home salex pending in the week ended June 22slippesd 0.
5 percent to 15,564 from 15,645 on June 15, but saw a 318 increasd from June 1 when therde were 15,246 pending sales.
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