Pending Home Sales Up 0.3% in December – Real Estate Investing Today

national association of realtors logoThe National Association of Realtors is reporting that pending home sales were up slightly in December, 2020.  The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) fell slightly to 125.5, the fourth straight month of declines.  In addition, they report that year-over-year contract signings were up 21.4% with all regions seeing double-digit year-over-year increases.  Once again, like a broken record, we find a lack of inventory influencing the market….

“Pending home sales contracts have dipped during recent months, but I would attribute that to having too few homes for sale,” said Lawrence Yun, NAR’s chief economist. “There is a high demand for housing and a great number of would-be buyers, and therefore sales should rise with more new listings.”

Pending Home Sales December 2020

Click here to read the full report at the National Association of Realtors.


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