Pending Home Sales Increase – Wellesley, MA Real Estate

By Christine Norcross • February 17th, 2010

Pending Home Sales Increase for the Boston Metro West Market – Wellesley, Natick, Newton Needham, Brookline, Weston and more!

This month the National Association of REALTORS released it’s December Pending Home Sales Index showing an increase of 1.0 percent in the index from November (seasonally adjusted) and a 10.9 percent increase from last year.

Here are highlights from the report:

  • December’s pending home sales index (seasonally adjusted) was 96.6 (the index is based upon 100.0 being equal to the average level of sales activity in 2001 which we could call the last “normal” year) which was a 1.0% increase in the index from November and an increase of 10.9 percent from the year before.
  • December’s not-seasonally adjusted index index was at 64.0, a 18.1 percent decrease from November and a 10.5 percent increase from a year ago.

Lawrence Yun, the chief economist for NAR, gives this video statement: Pending Home Sales are Up! – Video

This is great news for the Boston Metro West Market!

Call me if you want help with your home purchase.  Our team, Christine Norcross & Partners, at William Raveis can help you find your dream home in the Boston Metro West Market – Natick, Newton, Needham, Wellesley, Wayland, Weston and more.

You can reach us at 781-694-3595.

By Dennis Norman

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