In Miami-Dade County, pending sales increased 9% for the month of February compared to January. Units going under contract went from 8,388 in January to 9,164 in February. Sales have increased a total of 61% from one year ago.
Pending home sale contracts are contracts that have been signed by a buyer and seller but have not yet closed.
The tax credit which expires later this year, and better pricing have driven many buyers out shopping.
This information was provided by the Realtor Association of Greater Miami and the Beaches.
