News & Information: Real Estate News

National pending sales hit 2007 level

Wednesday, December 12, 2012  
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Pending home sales rose strongly in October with mixed regional results, according to the National Association of REALTORS®.

Outside of a few spikes during the tax credit period, pending home sales are at the highest level since March 2007. On a year-over-year basis, pending home sales have risen for 18 consecutive months.

The Pending Home Sales Index increased 5.2 percent to 104.8 in October from an upwardly revised 99.6 in September and is 13.2 percent above October 2011.

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