Today we released our March pending home sales numbers and for the 11th straight month, single-family pending sales have gone up. Not only is buyer activity up in terms of interest, but they are making offers. March was also the first month since June 2011 that over 4,000 homes went under agreement in a single month.
The number of condos put under agreement also went up both on a year-to-year and month-to-month basis.
Read the release: March Pending Home Sales
Here are the highlights:
- Single-family pending home sales were up 38.8% compared to March 2011
- Single-family month-to-month pending home sales were up 34.2% from February 2012
- Condo pending home sales were up 30.4% compared to March 2011
- Condo pending month-to-month home sales were up 45.2% from February 2012