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The pending home sales index reached a high water mark of 132 8 meaning sales were 32 8 percent higher than the index s 2001 starting level of 100.
Pending home. A sale pending sign is displayed in front of a home for sale may 24 2010 in san rafael california. Us pending home sales for august 2020 pending home sales rose 8 8 vs. Pending home sales rose 8 8 in august reaching a record high pace according to the national association of realtors survey which dates to january 2001. The nar pending home sales index rose to 132 8 and the figure was a 24 2 rise over august 2019.
An index created by the national association of realtors nar that tracks homes sales in which a contract is signed but the sale has not yet closed. It is the fourth. Sales were 24 2 higher than august 2019. Pending home sales index phsi.
Tremendously low mortgage rates below 3 have again helped pending home sales climb in. The index of pending home sales rose 8 8 in august as compared with july hitting a new all time high the national association of realtors reported wednesday.
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