National Real Estate Sales Increase & Cary, NC Local Market Improves

Looking for a little good news in the world of real estate?  Last week at the Realtor Convention in San Diego, Lawrence Yun (NAR’s Chief Economist), yea can’t help the name drop – it was cool to hear his address in person! – anyway – he  reported the number of homes selling (or going to pending status) continue to increase – in fact, the nation has seen 8 straight months of increased sales!

Here in the Cary NC area, the local MLS association reported today the number of homes going under contract/pending status for October  up 28% over October 2008 numbers! The number of closed homes increased almost 18% over the same period last year.

National Association of Realtors Pending Home Sales Graph
National Pending Home Sales Copyright National Association of REALTORS®. Reprinted with permission.
Cary and Entire Triangle Area MLS Reports Increase in Pending Home Sales
Cary and Entire Triangle Area MLS Reports Increase in Pending Home Sales
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