Pending Sales at Lake Chelan Still don't foretell Market Upswing

Pending sales in the Lake Chelan MLS still don't show signs of a market upswing.  I posted in my main blog:

While I often get you information on sold properties in the Lake Chelan Residential Sales Report and in posts on details of Lake Chelan sold homes, I haven't written about "pending real estate sales."

The NAR nationally and the NWMLS in Washington have of late been claiming that pending home sales portend a turnaround in the real estate market.  So, I thought I should take a look at the local pending sales.

There are 29 pending sales in the MLS today.  That number dropped from in the forties most of the winter and was running in the thirties lately.  The recent drop was in part caused by the sales of units at The Lake House which closed after completion of construction. - click for the Pending Sales Analysis

Unfortunately, I found nothing in the local information yet that supports a pending upswing in the local market.