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NAR data shows pending sales up for the 5th month in a row

The NAR reported yesterday that pending home sales are increasing for the 5th straight month.  This real estate trend hasn't happened in a few years.  Of course we all remember that during the boom, there were record increases year after year until the collapse. 

Now, people have settled in to the idea that there has been a correction, that prices are more reasonable in most parts of the country, and that this is a good time to buy if you have the opportunity.  Coupled with the first time buyer incentives that expire at the end of November, and the market from here to December looks like it will continue to grow.

The data from the NAR can be found at http://www.realtor.org/research/research/phsdata

Happy Listing and Selling! (And Buying!)

 

 

Heath Coker, Associate Broker
Robert Paul Properties
www.CapeGroup.com / capegroup@capegroup.com
508-274-5613  Licensed in MA
Its a beautiful day on Cape Cod!
@CapeGroup  Skype: heath.coker

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