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Pending home sales retreat in August, rise slightly for Northeast

Oct 03, 2016
After bouncing back in July, pending home sales cooled in August for the third time in four months and to their lowest level since January, according to the National Association of REALTORS (NAR).
 
The Pending Home Sales Index, a forward-looking indicator based on contract signings, declined 2.4 percent to 108.5 in August from a downwardly revised 111.2 in July and is now slightly lower (0.2 percent) than August 2015. 
 
In the Northeast, the index rose 1.3 percent to 98.1 in August and is now 5.9 percent above a year ago. 
 
To read the entire NAR press release, click here
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