The pending home sales index is a tool that the National Association of Realtors uses to track existing properties that are currently in escrow, counting houses and condo’s.
Compared to March 2004 overall pending home sales are up 1.7% but down 0.3% from February this year.
In the Northeast: dropped to 4.1% less than March 2004
In the south: increased to 5.3% higher than March 2004
In the West: increased to 10.5% higher than March 2004
In the Midwest: dropped to 7.5% lower than March 2004
The next report will be out at the end of May for the April numbers.
