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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.
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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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