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by CareyBot

South Florida's Broward County residential real estate sales continued to fall by double digits in May, as for-sale inventory soared from a year ago, according to statistics provided by the Realtor Association of Greater Fort Lauderdale. Single-family home sales totaled 808 in May, down 25 percent from a year ago when 1,071 homes were sold. May saw 944 condominium-townhouses sold, down 32 percent from 1,379 sales in May 2005. The huge increase in inventory has been a major factor in the region's sales slowdown, as 9,537 single-family homes were available in May, up 8 percent from April's numbers (8,838), and an increase of almost 300 percent from last year's figure of 2,412 available homes. The condominium-townhouse inventory reached 12,297 units in May, up 7 percent from April'...