Menu

NYSAR News

Latest News

NAR: Pending home sales maintain momentum in May, increase for Northeast

Jun 30, 2015
Pending home sales continued to rise in May and are now at their highest level in more than nine years, according to the National Association of REALTORS (NAR). 
 
The Pending Home Sales Index, a forward-looking indicator based on contract signings in May, climbed 0.9 percent to 112.6 in May from a slight downward revision of 111.6 in April and is now 10.4-percent above May 2014. The index has now increased year-over-year for nine consecutive months and is at its highest level since April 2006. 
 
The index in the Northeast increased 6.3 percent to 93.9 in May, and is now 10.6-percent above a year ago.
 
To read the entire NAR press release, click here.
Featured Content

New York first quarter statewide home sales strong 
despite slide from record pace

With 25,192 closed sales across the Empire state in the first quarter, the housing market posted a strong start to 2018, even as it fell short of 2017’s record. The first quarter 2018 statewide median sales price of $260,000 represented an increase of 7.4 percent from a year ago. Click here to read more.

NYSAR News