Today we released the pending home sales for February 2011 and the number of homes put under agreement were down compared to the same time last year. Condo pending sales were also down. On a month-to-month basis, February pending sales were up from January (which is the norm in the time we’ve been issuing pending sales data). REALTOR(R) members across the state have indicated they have seen a lot more people out looking at homes – especially the last couple weeks of the month.
Link to the full release: February 2011 Pending Sales
Here are the highlights:
- Single-family pending home sales were down 17.6% compared to Feb. 2010
- Single-family month-to-month pending home sales were up 11.9% from Jan. 2011
- Condo pending home sales were down 21% compared to Feb. 2010
- Condo pending month-to-month home sales were up 8.8% from Feb. 2011