Check out this great article Nine Consecutive Gains for Pending Home Salesposted by the National Association of Realtors. This article states that "Pending home sales have risen for nine months in a row, a first for the series of the index since its inception in 2001"
This article also states that "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"
This is Great news.....check it out!
To read this article you can click on the link below from NAR
http://www.realtor.org/press_room/news_releases/2009/12/nine_sale
For more information on the Tallahassee market give me a call! You can reach me at 850-591-2599 or email me at julie@ringtherivers.com
Julie Cox-Money
850-591-2599
Buyer Specialist
The Rivers Team
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