Pending home sales at highest level since 2013

January may have been a weak month for home sales, but it was a strong month for contract signings.

Pending home sales jumped to their highest level since August 2013, according to the National Association of Realtors. The group’s Pending Home Sales Index, which is based on contract signings, rose from 102.5 in December to 104.2 in January. That’s well above January 2014’s 96.1 level.

“Contract activity is convincingly up compared to a year ago despite comparable inventory levels,” said NAR Chief Economist Lawrence Yun. “The difference this year is the positive factors supporting stronger sales, such as slightly improving credit conditions, more jobs and slower price growth.

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Nashville Biz Journal

By Brandon Sheriff|February 27th, 2015|National RE News|Comments Off

About the Author: Brandon Sheriff

When you are buying and/or selling a home, I understand that it is an incredibly important process. You need to put your trust in an individual that provides the most beneficial service and takes it as seriously as you do. I strongly believe that person is me! Let me know how I can help!