The National Association of Realtors Pending Home Sales just jumped to the second highest level in a decade and the highest level in nearly a year. Pending home sales increased 5.5% in a month to an index level of 112.3. In May 2006, the index was 112.5 and from a year ago, the figure is up 2.6%. Last April saw a pending home sales index of 113.6.
NAR's February existing home sales dropped 3.7% from January. Sales were 5.48 million, whereas January had 5.69 million annualized sales. Sales are still a soaring 5.4% higher than a year ago. Prices are through the roof and inventories are now absurdly tight.
NAR's February existing home sales plunged 7.1% from January's six month record high. Sales were 5.08 million, a far cry from January's 5.47 million annualized sales. In February 2007 existing home sales were 5.79 million. Sales are now 2.2% higher than a year ago. Prices are through the roof and inventories are very tight.
NAR's existing home sales jumped to yet another record high. Sales were up 2.0% to 5.59 million, a high not seen in over eight years. In February 2007 existing home sales were 5.79 million. Sales are 10.3% higher than a year ago. Existing home sales have been above their year previous amounts for ten months in a row now.
The National Association of Realtors Pending Home Sales declined by -1.8% in June 2015. Pending home sales are still up 8.2% from a year ago and had previously increased for five months in a row. This is the third highest amount of pending home sales for 2015 but sales have increased year over year for ten months now.
NAR's existing home sales really shot up in June with a 3.2% sales increase to 5.49 million annualized existing home sales. This is an eight and a half year high. In February 2007 existing home sales were 5.79 million. This makes sales 9.6% higher than June of last year. Existing home sales have been above their year previous amounts for six months now.
NAR's existing home sales bounced up slightly for February with a 1.2% sales increase. This is surprising sales increased at all, even with seasonality adjustments, considering America's East was stuck in either a snow bank or an ice cube for the month.. This makes sales 4.7% higher than February of last year. Sales by volume was 4.88 million in February.
The bitter cold blew in more than snow for January. Existing home sales suffered as well with a -4.9% decline in sales for the month. This is the biggest monthly drop off in nine months with single family homes declining by -5.1% in sales. Sales by volume are now 4.82 million in January. April 2014 showed 4.75 million annualized sales.
The existing home sales headlines blare this is the highest increase for 2014. That is true, yet the increase isn't much of a soar, more of a bounce back from last month's -1.75% decline. The NAR reported existing home sales increased 2.4% from last month and are down -1.7% from last year. This represents 5.17 million homes at annualized rates.
The NAR reported existing home sales plunged -5.1% from last month and are down -5.1% from January of last year. This is the 3rd decline from from year ago. Existing home sales are now at July 2012 levels. While many blame the harsh winter on falling sales, in the West where weather has not been a factor, existing home sales declined -7.3% for the month and are down -13.7% for the year.
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