Menu

NYSAR News

Latest News

NAR: Pending home sales fall for Northeast in December

Jan 29, 2015

Despite interest rates being at their lowest level of 2014, pending home sales cooled in December but remained above year-over-year levels for the fourth consecutive month, according to the National Association of REALTORS (NAR).

The Pending Home Sales Index, a forward-looking indicator based on contract signings in December, decreased 3.7 percent to 100.7 from a slightly downwardly revised 104.6 in November. The Northeast experienced the largest decline, falling 7.5 percent to 82.1 in December. This is still 6.3 percent above a year ago.

To read the entire NAR press release, click here.

Featured Content

Home sales near record high in November

There were 10,719 closed home sales across New York State during November, representing the second-highest total on record for the month. The November sales record of 10,991 was set in November 2016. The statewide median sales price grew by 5.8 percent in November compared to last November. Click here to read more.

NYSAR News