NAR: Pending home sales up 10.3% from last year

The title is from the National Association of Realtor’s Pending Home Sales report for August in reference to NAR chief "economist" Larry Yun’s commentary on the housing market. Pending homes sales in August, which are based on contracts signed, dropped 2.6% from August. They’re also 2.6% below a year ago August. These are SAAR numbers.

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Year-over-year the pending homes sales index decreased 4.1% from last February, when the index was 112.1. IFR Markets predicted the index would be up 2.1%. Regionally, pending sales were up. The.

Existing-home sales rebounded in May, recording an increase in sales for the first time in two months, according to the National Association of Realtors. Each of the four major U.S. regions saw a growth in sales, with the Northeast experiencing the biggest surge last month.

Pending. in home sales and slower price growth,” NAR chief economist lawrence yun said. “The reason sales are falling off last year’s pace is that multiple years of inadequate supply in markets.

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The Tucson housing market is somewhat competitive. Homes in tucson receive 1 offers on average and sell in around 49 days. The average sale price of a home in Tucson was $225K last month, up 10.3% since last year. The average sale price per square foot in Tucson is $136, up 8.8% since last year.

US existing-home sales cratered to 4.99 million in December, 10.3% below the mark from the year-ago period. That followed year-over-year declines of 7.8% in November and 5.1% in October, according.

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US pending home sales surged to a nine-year high in April in. Compared with a year ago, April pending home sales were up 14.0 percent, the largest annual gain since September 2012. All four major.

NAR February pending home sales rebound 5.5% over January The dawn of spring is propelling an increase in buyer demand, according to NAR’s chief economist by Marian McPherson Staff Writer

pended home sales over 2014, according to F.C. Tucker Company statistics of the nine-county central Indiana region. More than 31,000 homes sold in 2015, up from approximately 29,000 last year. The average selling price of a home also rose each month of the year as available inventory declined during 11 months of 2015.

previous quarter but up 7 percent from the previous year. The pace of single- family. In terms of average sales, the ratio of existing to new home. NAR's Housing Affordability Index is a measure of the ability of the. 10.3% (s). Multifamily (5+). 369. 359 (r). 345. 2.6% (n). 7.0% (n). New Homes for Sale (SA). Q1 2018.