NAR: Pending Home Sales Decrease 1.5% in October; Down 8.5% Year-over-year; Lowest Number of Record
Calculated Risk
NOVEMBER 30, 2023
in October, the lowest number since the index was originated in 2001. An index of 100 is equal to the level of contract activity in 2001. The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home sales based on contract signings – dropped 1.5% Year over year, pending transactions declined 8.5%.
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