NAR: Pending home sales up 10.3% from last year

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Today NAR released its April pending home. the fading effects of last year’s cheap oil on consumer prices – could edge up inflation and push rates higher,” NAR wrote in a press release. Yun also.

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Pending sales in the Northeast rose 1.6 percent to 94.0 in January and are now 7.6 percent above a year ago. In the Midwest, the index rose 2.8 percent to 100.2 in January – 0.3 percent lower than january 2018. pending home sales in the South jumped 8.9 percent to an index of 119.8 in January, which is 3.1 percent lower than this time last year.

high in May, year-over-year prices continue to rise. The median price for homes gained 7.4% while the average price was up 6.4% in July. Nevertheless, inventory continues to drop and remains at less than the average for the past fourteen years. Plus, demand remains strong, as evidenced by the sales price to list price ratio which

WASHINGTON: US pending home sales jumped to a seven-month high in February after falling in January, and remained above the level a year ago, the National Association of Realtors said Monday. The NAR’s pending home sales index rose 3.5 percent month-over-month to the highest since July, led by a large increase in the Midwest and more modest gains in the South and West.

 · NAR released a summary of pending home sales data showing that March’s pending home sales pace was up 3.8 percent last month but fell 1.2 percent from a year ago. Pending sales represent homes that have a signed contract to purchase on them but have yet to close.

Pending home sales remained. at NAR. “While most of the country, except for the South, did see minor gains in contract signings last month, activity is falling further behind last year’s pace.

With June’s increase, the index is up 2.5%. “After two straight months of pending sales declines, home shoppers in a majority of markets had a little more success finding a home to buy last month,”.

Lastly, existing home sales in the West grew 1.8% to an annual rate of 1.11 million in April, which is a 5.9% below April 2018. The median price in the West was $395,100 increasing 1.3% from this time last year. “On a seasonally adjusted basis, existing-home sales slipped relative to last month and last year.

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