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Pending Home Sales Hit Highest Point Since 2006

Posted by Bonnie Martin Designated Broker on Friday, July 5th, 2013 at 10:34pm.

The housing market has been undergoing significant improvements in the past year, and that trend is reflected in a variety of ameliorating real estate statistics, including the still-growing number of home sales.

The number of pending home sales seen through the end of May increased 6.7 percent from April and 12.1 percent on an annual basis, bringing the current level seen nationwide to its highest point since December 2006, just prior to the start of the housing meltdown beginning in earnest, according to the latest Pending Home Sales Index from the National Association of Realtors.

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