Today we released the November 2012 pending home sales report for single-family homes and condominiums. For the 19th straight month, homes put under agreement were up over the same month last year. This was the 11th straight month that monthly year-over-year increases have gone up at least 25%. On a month-to-month basis, pending sales were down from October.
Link to release: November 2012 Pending Sales
Here are the highlights:
- Single-family pending home sales were up 28.2% compared to November 2011
- Single-family month-to-month pending home sales were down 11.2% from November 2012
- Condo pending home sales were up 28.5% compared to November 2011
- Condo pending month-to-month home sales were down 14% from October 2012