Earlier in the year, the National Association of Realtors predicted that 2012 would be a great year for the real estate industry with projected home sales higher than they’ve been in a long time. Now that the year is in full swing, NAR is reporting that their initial predictions weren’t far off! According to the National Association of Realtors’ latest Pending Home Sales Index, pending sales of existing homes rose to their highest point in two years in March 2012!
Pending home sales jumped a little over 4% between February and March, which is reason to celebrate in itself. The real accomplishment, however, is the 10% increase from 2011! In fact, the last time numbers were even close to this was in April 2010 when the federal homebuyer tax credit was set to expire.
The bottom line is that not only are sales rising but they’re doing so by an extensive margin! In a struggling economy with a delicate housing market, these numbers speak huge volumes of encouragement to real estate professionals.
As an increasing number of people are turning to buy, there’s hasn’t been a better time to join us at Homes.com. Similar to pending home sales, Homes.com’s traffic has also dramatically increased over the past year, with 11 million unique visits per month. With your listings on Homes.com, your pending home sales could possibly be on the rise, too!
Also, with the advent of Homes Connect’s Lead Gator feature, now you’re able to manage all the leads you receive from other real estate websites in one convenient place, your Homes Connect dashboard.
What about you? Are these numbers consistent in your market? Have you seen an uptick in home sales this year?