November 23, 2024 11:19 pm
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Demand sees U.S. pending home sales reach highest level since August 2013

home sales

home salesBy Property Wire

Improved buyer demand at the beginning of 2015 pushed pending home sales in the United States in January to their highest level since August 2013, according to the latest figures to be published.

The data from the National Association of Realtors also shows that all major regions except for the Midwest saw gains in activity in January.

The Pending Home Sales Index, a forward looking indicator based on contract signings, climbed 1.7% to 104.2 in January from an upwardly revised 102.5 in December and is now 8.4% above January 2014, the fifth month of year on year gains with each month accelerating the previous month’s gain.

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