• Skip to main navigation
  • Skip to content
  • Skip to footer

Quick Search

Parkland FL Homes for saleParkland FL Homes for sale

Search homes for sale in Parkland and surrounding areas

  • Home
  • Search
    • Advanced Search
    • Featured Properties
    • Newest Homes for Sale
    • Upcoming Open Houses
    • My Account / Login
  • Area
    • Parkland
    • Boca Raton
    • Coconut Creek
    • Coral Springs
    • Margate
    • Tamarac
  • Buy
    • Steps to Buying
    • Mortgage Calculator
  • Sell
    • Free Home Valuation
    • Marketing Your Home
    • Selling your Home with Jon Klein
  • Reviews
  • Contact
SearchClose

Pending Home Sales Rises To 6-Month High

Pending Home Sales (May 2009 - November 2010)The housing market continues to expand, and surprise.

According to the National Association of REALTORS®, November’s Pending Home Sales Index gained 3 percent from October. A “pending home sale” is a home under contract but not yet closed. 

The index is now at its highest point since April 2010’s federal tax credit contract expiration deadline.

If the tax credit really did “borrow” sales from the summer months, as has been theorized, housing has rebuilt its foundation. 

We know this because, of all the housing data available to  homeowners and home buyers, the Pending Home Sales Index stands apart as a forward-looking report — its designed purpose as described in its methodology.

Because 80% of all homes under contract close within 60 days, and a statistically significant share of the rest close within months 3 and 4, the Pending Home Sales Index is an excellent predictor of future Existing Home Sales data.

This is in contrast to the New Home Sales data and Case-Shiller Index, as examples, which both describe the real estate market as it existed two months in the past. The Pending Home Sales Index reports on housing as it exists right now. We should expect January’s Existing Home Sales report, therefore, to show marked strength, consistent with a housing market recovery.

The downside of the Pending Home Sales Index is that it’s a national report and real estate is not sold nationally — it’s sold locally. To get a feel for your home market and how it’s faring, talk to a licensed real estate agent with access to local home sale data. 

If pending sales data is available, so much the better. Forward-looking figures can be more helpful than data that’s already old.

Posted in: Pending Home Sales Tagged: Pending Home Sales,Existing Home Sales,NAR

Post navigation

« Foods That Don’t Belong In A Garbage Disposal
Loan Costs Increasing April 1, 2011 »

Contact Jon Now

Parkland FL REALTOR®Jon Klein, REALTOR®, P.A.,GRI

954-415-5595 Direct

954-449-9325 Office

954-827-0464 Fax

jon@jonklein.com

5691 Coral Ridge Drive
Coral Springs, FL 33076

RE/MAX 1st Choice Logo, Coral Springs, FL
Jon Klein Team Logo, Parkland, FL

Connect with Us

© 2025 · RE/MAX 1st Choice, Jon Klein · Direct: 954-415-5595 · Fax: 954-827-0464 · Sitemap · IDX Sitemap · IDX XML Sitemap · Parkland FL Homes for Sale · Privacy Policy | Accessibility Statement

Disclaimer - All Rights Reserved by RE/MAX 1st Choice, Jon Klein
Direct: 954-415-5595 | Find me on Google | Directions to Jon Klein

Log in · Real Estate Websites by Real Estate Websites by YourSiteNeedsMe.com