We see evidence every day of how our market is changing in Southern California... but the national picture is improving as well.
NAR's pending sales index rose for the third consecutive month in April, to a national level of 90.3. In the west the index was highest with a reading of 94.8.
The pending sales index was started in 2001 - a reading of 100 equals the average sales activity for that year. 2001 was the first of five consecutive record-setting years for real estate sales activity in the United States, and so at this moment we are close to seeing the same level of activity we saw at the start of the last upward cycle.
To read more about the pending sales index, click HERE
NAR's pending sales index rose for the third consecutive month in April, to a national level of 90.3. In the west the index was highest with a reading of 94.8.
The pending sales index was started in 2001 - a reading of 100 equals the average sales activity for that year. 2001 was the first of five consecutive record-setting years for real estate sales activity in the United States, and so at this moment we are close to seeing the same level of activity we saw at the start of the last upward cycle.
To read more about the pending sales index, click HERE
