In the latest sign that the U.S. real estate market is improving, more Americans signed contracts to purchase homes in February than in nearly a year.
The National Association of Realtors released the data, which showed that the seasonally adjusted pending home sales index increased 3.1 percent to 106.9 in February.
That’s the highest it’s been since June 2013!
If you’re preparing to list your home anytime soon on the local housing market, we encourage you to continue reading to learn more about this trend!
US Home Sales Are On the Rise!
Here are some additional highlights from the recent National Association of Realtors report:
- Buying activity increased in the Midwest and West during the month of February, although it actually