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National Real Estate Sales Increase & Cary, NC Local Market Improves

By
Real Estate Broker/Owner with CaryRealEstate.com

Looking for a little good news in the world of real estate?  Last week at the Realtor Convention in San Diego, Lawrence Yun (NAR's Chief Economist), yea can't help the name drop - it was cool to hear his address in person! - anyway - he  reported the number of homes selling (or going to pending status) continue to increase - in fact, the nation has seen 8 straight months of increased sales!

Here in the Cary NC area, the local MLS association reported today the number of homes going under contract/pending status for October  up 28% over October 2008 numbers! The number of closed homes increased almost 18% over the same period last year.

National Association of Realtors Pending Home Sales Graph
National Pending Home Sales Copyright National Association of REALTORS®. Reprinted with permission.
Cary and Entire Triangle Area MLS Reports Increase in Pending Home Sales
Cary and Entire Triangle Area MLS Reports Increase in Pending Home Sales
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Comments (1)

John Occhi
AZ Veteran Notary Services - Marana, AZ
Mobile Notary Public/Certified Loan Signing Agent

Looks like good news for your local market - hope it keeps its momentum

Nov 18, 2009 02:47 PM