Pending Home Sales Index Down Nationwide

It’s not just the Bay Area – see Pending Home Sales in Bay Area Continue to Decline – the National Association of Realtors reports that the Pending Home Sales Index fell for the third time in the last four months.

Once again, low inventory is cited as a prime factor although the fact that median home prices nationwide have risen by 38 percent over the last five years.

However, buyer demands remains strong with the average listing time for available homes continuing to decline.

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