Pending Home Sale Index

Dated: 09/10/2014

Views: 395

Many people report on the National Association of Realtors’ Existing Home Sales Report which quantifies the number of closed sales of single-family homes, town homes, condominiums and co-ops. However, there is another report that NAR releases each month that may be even more important - the Pending Home Sales Report which reveals the current Pending Home Sales Index. According to NAR, the Pending Home Sales Index (PHSI) is
“a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.”
The PHSI generally leads Existing Home Sales by a month or two and therefore is a more current pulse on home sales.

Paul Snyder III

I am a specialist in the management and sale of bank owned AND investment properties throughout SE and Central Pennsylvania. Our team of (14) real estate agents and (3) support staff are here to e....

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