Pending Home Sales Up 46% in Miami-Dade County

Pending home sales from March through November are up 46% in Miami-Dade County.  The number of homes pending is important because there is normally a one to two month lag between the time a property goes under contract and when it actually closes.  Once a home is pended in the Multiple Listing Service it does not show up as available inventory.  Although not all pending sales actually close, it is a pretty good indicator of future home sales.

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