According to the National Association of REALTORS pending home sales have surged. Due mainly in my opinion, to the incredible low prices we’re seeing throughout the country. Here at home we’ve been seeing multiple offers on properties especially in the bank owned homes.
The National Association of REALTORS says the “Pending Home Sales Index, an indicator based on contracts signed in August, jumped 7.4 percent to 93.4 from an upwardly revised reading of 87.0 in July, and is 8.8 percent higher than August 2007 when it stood at 85.8. The index is at the highest level since June 2007 when it stood at 101.4.”
This is pretty good news for the real estate market in general and all the more reason why buyers should start actively looking and buying. Interest rates dropped, inventory is good and the end of the year is rapidly approaching. Wouldn’t it be nice to be in your own home over the holidays? We’d love to help you do that…give us a call at 603-548-7685!
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