As of Monday, there were 10,284 single-family homes for resale, up 3.6% since the last week of November 2009.
In Miami-Dade, there are 8,354 single-family homes on the market, down 6.4% since November. Broward has ever fewer, with 8,114 single-family homes for resale, unchanged from four months earlier.
Peter Zalewski, a principal with the Bal Harbour-based real estate consultancy, states:
"One explanation we have heard from industry watchers is that some owners who are not necessarily distressed are putting their homes up for resale, thinking the market has already begun to stabilize.”
In the tri-county region, there are 67,850 single-family houses, condominium units, and townhouses on the market, with single-family homes accounting for 39%, or 26,752, of the total residential resale inventory.
On Nov. 24, 2008, when Condo Vultures first started tracking available inventory, there were nearly 108,000 homes available for resale in South Florida. Single-family homes represented about 43%, or about 46,600 residences, of the available resale inventory at that time.
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