The pending sales index
of previously owned homes in the U.S. fell in Sept.,
according to the National Association of Realtors.
The pending sales index fell 4.6 percent from
the previous month. The data is based upon information
from houses under contract as reported by over 100 Multiple
Listing Services and 60 large real estate brokers. A sale is
listed as pending when a seller accepts a sales contract on
a property.
==========================================================================
Sept. Aug. July June May April
2011 2011 2011 2011 2011 2011
==========================================================================
---------------- Seasonally Adjusted MoM% ---------------
United States -4.6% -1.2% -1.3% 2.4% 8.2% -11.3%
Northeast -4.7% -5.8% -2.0% -0.4% 7.3% 1.7%
Midwest -6.2% -3.7% -0.8% -3.7% 10.5% -9.4%
South -5.5% 2.6% -4.8% 4.4% 4.1% -17.2%
==========================================================================
Sept. Aug. July June May April
2011 2011 2011 2011 2011 2011
==========================================================================
---------------- Seasonally Adjusted MoM% ---------------
West -2.1% -2.4% 3.6% 6.4% 12.9% -8.9%
----------------------- Level Change --------------------
United States -4.1 -1.1 -1.2 2.1 6.7 -10.5
Northeast -3.0 -3.9 -1.4 -0.3 4.7 1.1
Midwest -4.7 -2.9 -0.6 -3.1 7.9 -7.8
South -5.3 2.5 -4.8 4.2 3.7 -19.0
West -2.3 -2.7 3.8 6.4 11.5 -8.7
----------------- Unadjusted YOY% Change ----------------
United States 7.9% 13.1% 10.1% 17.3% 15.5% -26.6%
Northeast 2.6% 7.9% 5.5% 13.3% 8.4% -30.8%
Midwest 13.0% 14.4% 13.9% 22.1% 20.7% -28.9%
South 5.5% 11.1% 7.7% 17.3% 16.0% -26.7%
West 9.7% 17.0% 13.2% 15.5% 14.9% -19.9%
------------- Seasonally Adjusted Index Level -----------
United States 84.5 88.6 89.7 90.9 88.8 82.1
Northeast 60.6 63.6 67.5 68.9 69.2 64.5
==========================================================================
Sept. Aug. July June May April
2011 2011 2011 2011 2011 2011
==========================================================================
Midwest 71.5 76.2 79.1 79.7 82.8 74.9
South 91.6 96.9 94.4 99.2 95.0 91.3
West 105.8 108.1 110.8 107.0 100.6 89.1
==========================================================================
NOTE: About 80 percent of pending home sales will become
existing home sales transactions within two months. The U.S
Commerce department calculates new homes sales based upon signed
contracts. Base value 2001 = 100.
SOURCE: National Association of Realtors http://www.nar.realtor.com
To contact the reporter on this story:
Kristy Scheuble in Washington at kmckeaney@bloomberg.net
To contact the editor responsible for this story:
Marco Babic at mbabic@bloomberg.net
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