Wednesday, June 29, 2016

Pending Home Sales: May 2016

Today, the National Association of Realtors (NAR) released their Pending Home Sales Report for May showing a notable pullback in sales activity with the seasonally adjusted national index falling 3.7% from April to stand 0.2% below the level seen in May 2015.

The following chart shows the seasonally adjusted national pending home sales index along with the percent change on a year-over-year basis as well as the percent change from the peak set in 2005 (click for larger version).

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