Market Watch October 2009 ~ Record Streak Continues for Pending Home Sales

Pending home sales have increased for seven straight months, the longest in the series of the index which began in 2001, according to the National Association of Realtors.

The Pending Home Sales Index, a national forward-looking indicator based on contracts signed in August, rose 6.4 % to 103.8 from a reading of 97.6 in July, and is 12.4 % above August 2008 when it was 92.4. The index is at the highest level since March 2007. In the Midwest the index rose 3.1 % to 90.8 in August and is 7.6 % above a year ago.

The county graphs provided show the local trends, recent activity and current market conditions you should know as a buyer or seller.

(Click on each image for larger view)