Pending sales up (!) in June

Pending home sales in the South (which, obviously, includes Virginia) rose in June, unlike the rest of the country. According to NAR’s most recent pending home sales index, the country as a whole saw pending sales drop 4.6%; the  Northeast was hit particularly hard (down 12%), as was the Midwest (down 9.5%).In the South, though, pending sales were up almost 4% in June, which bodes well for the rest of July and into August, when those contracts will (hopefully) turn into closed deals.

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
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2 Responses to Pending sales up (!) in June

  1. Kaiholo Hale says:

    From anecdotal experience, did agents in your area saw a big increase in pending transaction?

  2. Its a good news for real estate agents. Recently I found a graph which figures the sales comparison between 2009 and 2010. I found the sale is up in 2010 but the selling price has been decreased much. Its a good opportunity for serious home seekers.

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