Jupiter Pending Home Sales JUMP Off the Chart

Pending and contingent home sales data are very important metrics when determining how strong real estate sales will be in the months ahead. I like to carefully review this information for each of the communities where I am most active on at least a monthly basis as it gives me a heads up on what the future might bring for my clients. 

When a bilateral contract is entered into there are typically contingencies, historically mainly for home inspections and financing, but in today’s world many times they are short sales waiting for third party, or bank approval. Once these contingencies are lifted the change should be properly recorded into the MLS system as “pending”. History  shows us that the large majority of pending listings will ultimately close, usually within the next two months. The volume of both contingent and pending listings is a good leading indicator of what we can expect in closed sales of Jupiter homes in the weeks ahead.

Over the past 30 days in Jupiter we have experienced a HUGE increase in pending home sales with 129 on February 15th up from the 89 we had on January 15th a jump of 45% and a new annual high. These numbers point to a HUGE increase in closed transactions over the next 30 to 60 days in Jupiter. With the season upon us and incredible opportunities in every neighborhood we should be seeing continued increases in both pending listings and sales in the coming months .

A professional real estate agent watches the market trends very closely as the data is very important to our clients, whether they are buying or selling, to paint a picture of where the market may be heading. If you would like any additional information on a specific home, neighborhood, or community please feel free to contact me. I am easily reached at 561 308-0175 or via e-mail at tom@tompriester.com and would be happy to be of assistance. After just one call you will know why "Results Driven Real Estate" is your top choice for professional real estate services in Jupiter and the surrounding areas.

Always at Your Service,

Tom Priester   e-PRO

"Results Driven Real Estate"

Keller Williams Realty

561 308-0175

tom@tompriester.com