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NAR: Pending home sales fall in August, but remain at healthy level

Sep 28, 2015
Pending home sales retreated in August but remained at a healthy level of activity and have now risen year-over-year for 12 consecutive months, according to the National Association of REALTORS (NAR).
 
The Pending Home Sales Index, a forward-looking indicator based on contract signings in August, fell 1.4 percent to 109.4, but is still 6.1 percent above the same time last year.
 
The index in the Northeast fell 5.6 percent to 93.3 in August, but is still 8.9 percent above a year ago. 
 
To read the entire NAR press release, click here.
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