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Real Estate Update: Drop in Inventory of Homes for Sale

The amount of homes on the market is continuing to decline from a year ago. From May 2011 to May 2012, according to data from Realtor.com , most metropolitan cities’ single family homes inventory fell while prices continued to rise, indicating a real estate upward-bound recovery. Some Florida markets where inventories have dropped are – ·         Tampa-St. Petersburg-Clearwater, Fla.:    -39.76 % ·         Miami-Dade County, Fla.:   -33% ·         Coral Gables, Fla.:   -29.6% Prices rose in Coral Gables by 7.9% and in Miami-Dade County by 12.9%. Visit Slesnick &Jochem for available MLS listings.