Short sales, real estate owned properties, and bank properties were a significant reason that deeply discounted South Florida condos, townhouses, and single-family houses traded in 2008.

For the year, resales fell by -19 percent in Miami, -4 percent in South Florida, and -6 percent throughout the state of Florida.

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South Florida’s number of active residential listings decreased by -1 percent on a week-over-week basis to 106,420 condos, townhouses, and single-family houses, while the number of pending sales increased 1 percent to 9,393 properties on Dec. 1, according to a new report from Condo Vultures® Realty LLC.