Pending Home Sales January 2021

By
Real Estate Agent with Berkshire Hathaway Home Services Crest CDRE #01044712

On February 25 2021, National Association of Realtors® (NAR) reported that nationwide pending contract signed home sales down 2.8% to an index of 122.8 in January of 2021 from an index of 103.2 in December of 2020, and rose 13.0% from January of 2020.

Pending home sales index in the Northeast dropped 7.4% to an index of 101.6 in January of 2021 from December 2020, but higher 9.6% from January of 2020.

Pending home sales index in the Midwest lower 0.9% to an index of 113.2 in January of 2021 from December 2020, and increased 8.6% from January of 2020.

Pending home sales index in the South grew 0.1% to an index of 151.3 in January of 2021 from December 2020, and jumped 17.1% from January of 2020.

Pending home sales index in the West fell 7.8% to an index of 104.6 in January of 2021 from December 2020, but gained 5.5% from January of 2020, according to NAR on February 25, 2021.

Lawrence Yun, NAR chief economist, stated "These trends, along with an anticipated ramp-up in home construction will provide for much-needed supply."

Fore complete information, on National Association of Realtors's January of 2021 pending home sales report, please HERE

Posted by

John Pusa

Real estate agent, Glendale, CA

Better way to buy and sell real estate

Berkshire Hathaway Home Services Crest

Office (818) 441-8881

Mobile (818) 441-8881

4005 Foothill Blvd.

La Crescenta, CA. 91214

Comments (2)

Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Hi John Pusa the lower the inventory, the fewer the pending sales and closings....

Feb 27, 2021 11:00 AM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Barbara Todaro very true, the lower inventory, the fewer pending sales and closing. Thanks for the comment.

Feb 27, 2021 08:11 PM

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