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NAR: Pending home sales inch up in October

Dec 02, 2016
Pending home sales moved up slightly in October month-over-month, enough to inch sales contracts up to the highest level since July, according to the latest reading from the National Association of REALTORS’ Pending Home Sales Index, a forward-looking indicator based on contract signings. 
In the Northeast, pending home sales inched up 0.4 percent to a 96.9 reading in October, and are now 3.9 percent above a year ago. 
Nationwide, pending home sales managed a 0.1-percent month-over-month increase to reach 110, 1.8 percent higher than a year ago.
To read the entire NAR press release, click here
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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.