Miami-Dade County pending home sales jump 25%
Pending home sales in Miami-Dade County jumped 25% in November from a year earlier, the Miami Association of Realtors said Tuesday. The number of listings hit 3,348, up from 2,598 a year ago, the trade group said. Single-family home and condo sales pending during the month jumped 43% and 14%, respectively, over their November 2010 levels. "Miami pending home sales have consistently increased over the past couple of years," said Jack Levine, 2011 chairman of the Miami Association of Realtors. "We continue to see increasing pending sales, which points to increased future closed sales, price appreciation, and market strengthening." The pending sales home index nationally increased 7.3% to 101.1 during the same month, showing a greater deal of confidence from an level of 83.3 a year earlier, the report said. Write to Kerri Panchuk.