The Index tracks the number of properties under contract nationwide and by region. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.
Nationwide
- Annually: contracts increased 10.7% over August 2011
- Monthly: contracts decreased 2.6% from July to August
Region
- Northeast - July pending home sales were 19.9% higher than a year ago
- Midwest - the index is also 19.9% above August 2011
- South - contracts are 13.2% above a year ago
- West - the index decreased 4.2% from August 2011
The Pending Home Sales Index has continued to show a steady year-over-year increase in contracts activity in 2012.
- July 2012 - contracts increased 12.4% over July 2011
- June 2012 - contracts advanced 9.5% over June 2011
- May 2012 - contracts rose 13.3% over May 2011
- April 2012 - contracts increased 14.4% over April 2011
- March 2012 - a rise of 12.8% was reported over March 2011
- February 2012 - contracts jumped 9.2% over February 2011
- January 2012 - rose 8% over January 2011
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Ben Dursch
202-288-4334 | Ben@EversCo.com
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