Despite the low inventory of homes for sale, buyers made a huge push in April to make offers on homes. In fact, the push was so huge that more single-family homes were put under agreement in April 2013 than in any month since MAR began tracking pending home sales data in January 2004. While condos didn’t hit an all-time high, they did hit their 2nd highest total.
Here are the highlights:
- Single-family pending home sales were up 32.8% compared to April 2012 – biggest increase since April 2010 (last month of tax credit)
- 5,948 is the most homes ever put under agreement in any one month
- Condo pending home sales were up 37.4% compared to April 2012
- 2.435 is the 2nd most condos put under agreement in any single month (March 2005 – 2,501 units was the most)