Menu

NYSAR News

Latest News

NAR: Pending home sales inch up for Northeast in January

Feb 27, 2015

Improved buyer demand at the beginning of 2015 pushed pending home sales in January to their highest level since August 2013, according to the National Association of REALTORS (NAR).

The Pending Home Sales Index, a forward-looking indicator based on contract signings in January, climbed 1.7 percent to 104.2 from an upwardly revised 102.5 in December. This marks the fifth consecutive month of year-over-year gains with each month accelerating the previous month’s gains. The Northeast inched 0.1 percent to 84.9 in January, and is now 6.9 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