Asheville Real Estate News: Pending Home Sales Rise for Fifth Consecutive Month

sold-signGood news for buyers or sellers of Asheville homes. According to a recent article on CNBC:

“Pending home sales rose for the fifth consecutive month in June, easily topping expectations, according to the National Association of Realtors.


“The Pending Home Sales Index rose 3.6 percent to 94.6 from an upwardly revised reading of 91.3 in May, and is 6.7 percent higher than in June 2008. Reuters had expected an 0.6 percent increase.


“The last time there were five consecutive monthly gains was July 2003.”

The article continues:

“Pending home sales were higher in all four regions than last month, and only the west experienced a decrease from a year ago. The index in the Northeast rose 0.4 percent to 81.2 in June and was 5.8 percent above the same period last year. In the Midwest, the index climbed 0.8 percent to 89.9. It was 11.6 percent higher than June 2008.


“The index in the South jumped 7.1 percent to 100.7 in June and was 8.9 percent higher versus a year ago. In the West, the index rose 2.9 percent to 100.4, but was 0.2 percent below June 2008.”

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