Pending Home Sales Rise in June – Bend, Oregon Real Estate Trends
According to the National Association of Realtors (NAR), pending home sales in June have risen by a couple percentage points – with largest increases in the West (yep – Bend, Oregon!) and South. All regions are showing significant gains over last year at this time.
In the article, which was posted yesterday, the NAR says that the Pending Home Sales Index,* a forward-looking indicator based on contract signings, rose 2.4 percent to 90.9 in June from 88.8 in May and is 19.8 percent above the 75.9 reading in June 2010, which was the low point immediately following expiration of the home buyer tax credit. The data reflects contracts but not closings.
We’re keeping a close eye on the statistics and trends across the country, and are hopeful that trends in Bend, Oregon real estate will continue to rise!