Pending Homes Sales declines for month of July
The National Association of Realtors® (NAR) has reports that "The Pending Home Sales Index, based on data collected for July, slipped 1.0 percent to a reading of 125.1, but is 3.5 percent higher than July 2004."
Let's see what happened to the PHSI in different parts of the country during July:
The South was up 1.2% to 139.2 (8.3% over July 2004).
The West was down 1.1% to 127.5 (4.7% over July 2004).
The Midwest was down 3.1% to 113.6 (2.5% below July 2004).
The Northeast was down 3.7% 109.0 (0.8% below July 2004).
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