Pending Home Sales All Over The US in February 2011

Pending Home Sales Surprise to the Upside:  Pending sales of previously owned U.S. homes unexpectedly rose in February, a trade group said Monday, pointing to a modest pick-up in home sales.

The National Association of Realtors said its Pending Home Sales Index, based on contracts signed in February, increased 2.1 percent to 90.8. Economists had expected the index, which leads existing home sales by a month or two, to fall 1.0 percent after a previously reported 2.8 percent decline.

"We may not see notable gains in existing-home sales in the near term, but they're expected to rise 5 to 10 percent this year with the economic recovery, job creation and excellent affordability conditions providing confidence to buyers who have been on the sidelines," said NAR chief economist Lawrence Yun.



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Nationwide Home Sales and Pending Sales For 2010

Pending Home Sales   Year United States Northeast Midwest South West United States Northeast Midwest South West 2007   96.3 86.8 89.9 107.9 92.4 * * * * * 2008   87.2 73.8 80.8 90.3 99.4 * * * * * 2009   95.1 76.6 88.9 99.0 109.7 * * * * *     Seasonally Adjusted Annual Rate Not Seasonally Adjusted 2009 Nov  97.0 77.4 84.8 98.5 122.8 78.1 52.9 65.7 78.8 109.8 2009 Dec  97.8 78.1 89.2 100.2 118.5 63.2 42.4 55.5 68.2 79.7 2010 Jan  90.2 71.3 80.4 98.0 102.9 74.3 52.5 64.1 77.5 96.8 2010 Feb  97.7 77.7 97.7 107.5 98.0 89.1 68.8 93.2 96.3 89.1 2010 Mar  104.6 75.6 100.1 124.6 100.4 120.3 99.1 116.5 139.9 110.1 2010 Apr  110.9 97.9 104.3 123.6 107.9 133.4 124.8 134.4 152.3 109.4 2010 May  77.7 67.0 70.8 82.7 85.3 89.0 87.0 81.2 93.9 91.3 2010 Jun  75.5 58.8 64.1 85.3 85.1 92.7 78.9 79.1 106.1 96.9 2010 Jul  78.9 62.4 66.6 85.1 95.0 85.4 65.5 69.3 99.3 96.2 2010 Aug  82.4 60.6 68.1 90.8 101.1 90.9 66.0 72.3 97.8 119.2 2010 Sept  80.9 59.6 64.2 87.6 104.7 77.1 50.1 62.9 80.5 107.7 2010 Oct r 89.1 71.3 81.7 93.1 104.3 84.0 66.6 74.9 85.1 105.3 2010 Nov p 92.2 72.6 78.3 91.4 123.3 76.2 51.7 62.7 74.8 111.6   vs. last month: 3.5% 1.8% -4.2% -1.8% 18.2% -9.3% -22.4% -16.3% -12.1% 6.0%   vs. last year: -5.0% -6.2% -7.7% -7.2% 0.4% -2.4% -2.3% -4.6% -5.1% 1.6%
											109.8
											79.7
											96.8
											89.1
											110.1
											109.4
											91.3
											96.9
											96.2
											119.2
											107.7
											105.3
											111.6
											6.0%
											1.6%