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NAR: Pending home sales surge nationally and for the Northeast

Jun 30, 2014
Pending home sales rose sharply in May, with lower mortgage rates and increased inventory accelerating the market, according to the National Association of REALTORS (NAR). 

The Pending Home Sales Index, a forward-looking indicator based on contract signings in May, increased 6.1 percent to 103.9. In the Northeast, the index jumped 8.8 percent to 86.3, 0.2 percent above a year ago.

To read the entire NAR press release, click here.
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NYS home sales post second-highest May total

Homebuyer activity remained strong in May, driving the New York State housing market to the second-highest sales total for the month with 10,348 closings. May 2018 closed sales were 8.6 percent lower than the record of 11,322 set in May 2017. The median sales price growth trend continued, increasing by 11.5 percent compared to last May, ending the month at $262,000. Click here to read more.

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