Pending Home Sales in U.S. Uptick in August, Says NAR
National Association of Realtors | September 30, 2019
According to the National Association of Realtors, pending home sales increased in August 2019, a welcome rebound after a prior month of declines. Each of the four major regions reported both month-over-month growth and year-over-year gains in contract activity. The Pending Home Sales Index, a forward-looking indicator based on contract signings, climbed 1.6% to 107.3 in August, reversing the prior month's decrease. Year-over-year contract signings jumped 2.5%. An index of 100 is equal to the average level of contract activity.