September 2018 Pending Home Sales Increase

September 2018 Pending Home Sales Increase

According to an October 25, 2018 article by the NATIONAL ASSOCIATION OF REALTORS®.(click here to see article) “Pending home sales rose slightly in September”.

“The Pending Home Sales Index,, a forward-looking indicator based on contract signings, increased 0.5 percent to 104.6 in September from 104.1 in August.”

In the region the NAR identifies as “the South” which includes the Roanoke Valley, the article goes on to say “Pending home sales in the South fell 1.4 percent to an index of 119.6 in September; however, that is 3.3 percent higher than a year ago.” (click here to see the snapshot of NAR’s 4 regions of the country)

Copyright ©2018 “Pending Home Sales See 0.5 Percent Increase in September” NATIONAL ASSOCIATION OF REALTORS®. All rights reserved. Reprinted with permission. October 25, 2018

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