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Nine Consecutive Gains for Pending Home Sales

By
Real Estate Agent with Keller Williams Realty 519993

Washington December, 2009

Pending home sales have risen for nine months in a row, a first for the series of the index since its inception in 2001, according to the National Association of Realtors®.

The Pending Home Sales Index,* a forward-looking indicator based on contracts signed in October, increased 3.7 percent to 114.1 from 110.0 in September, and is 31.8 percent above October 2008 when it was 86.6. The rise from a year ago is the biggest annual increase ever recorded for the index, which is at the highest level since March 2006 when it was 115.2.

If you are considering selling your property, NOW is the time!

Contact Jeremy K. Frost ~ Realtor

(512) 636-2746 or Jeremy@FrostFinds.com

For this blog and many more click here: Nine Consecutive Gains for Pending Home Sales

Show All Comments
Russel Ray, San Diego Business & Marketing Consultant & Photographer
Russel Ray - San Diego State University, CA

I'm surprised that's a first since its 2001 inception since the market still had another four years of upswing to go.

Happy Holidays!

Dec 18, 2009 01:14 PM
Gail Robinson
William Raveis Real Estate - Southport, CT
CRS, GRI, e-PRO Fairfield County, CT

Jeremy - It looks like the real estate market hit bottom on January 2009 and is making a slow, but steady recovery.  

Dec 25, 2009 01:27 AM
Kathy Toth
Ann Arbor Market Center Keller Williams - Ann Arbor, MI
Ann Arbor Real Estate Experts - Kathy Toth Team

I hope your Texas market is hotter than your weather this December! Hi from chilly Ann Arbor, hope to see you in New Orleans.

Dec 26, 2009 01:40 AM
Jim Allhiser
Perfection Inspection, Inc. - Salem, OR
Salem, Oregon Home Inspector

Nice to have some good news for the new year.

Dec 29, 2009 03:42 AM
Kathy Clulow
Uxbridge, ON
Trusted For Experience - Respected For Results

Jeremy - being from Canada I have heard of this index but never paid it much attention as it is Based on US Markets. However as I see it it is still spells good news for both countries. Have a Happy and Productive New Year

Dec 29, 2009 09:04 AM
Will Nesbitt
Nesbitt Realty at Condo Alexandria - Alexandria, VA
Nesbitt Realty is a family-run brokerage.

Things feel like they are picking up. I know I will have a very busy January.

Dec 31, 2009 11:09 PM
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