U.S. August Pending Existing Home Sales: Summary
The pending sales index of previously owned homes in the U.S. fell in August, according to the National Association of Realtors.
The pending sales index fell 1.2 percent from the previous month. The data is based upon information from houses under contract as reported by over 100 Multiple Listing Services and 60 large real estate brokers. A sale is listed as pending when a seller accepts a sales contract on a property.
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Aug. July June May April March
2011 2011 2011 2011 2011 2011
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---------------- Seasonally Adjusted MoM% ---------------
United States -1.2% -1.3% 2.4% 8.2% -11.3% 3.5%
Northeast -5.8% -2.0% -0.4% 7.3% 1.7% -3.2%
Midwest -3.7% -0.8% -3.7% 10.5% -9.4% 2.0%
South 2.6% -4.8% 4.4% 4.1% -17.2% 10.4%
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Aug. July June May April March
2011 2011 2011 2011 2011 2011
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---------------- Seasonally Adjusted MoM% ---------------
West -2.4% 3.6% 6.4% 12.9% -8.9% -2.8%
----------------------- Level Change --------------------
United States -1.1 -1.2 2.1 6.7 -10.5 3.1
Northeast -3.9 -1.4 -0.3 4.7 1.1 -2.1
Midwest -2.9 -0.6 -3.1 7.9 -7.8 1.6
South 2.5 -4.8 4.2 3.7 -19.0 10.4
West -2.7 3.8 6.4 11.5 -8.7 -2.8
----------------- Unadjusted YOY% Change ----------------
United States 13.1% 10.1% 17.3% 15.5% -26.6% -12.9%
Northeast 7.9% 5.5% 13.3% 8.4% -30.8% -18.7%
Midwest 14.4% 13.9% 22.1% 20.7% -28.9% -17.1%
South 11.1% 7.7% 17.3% 16.0% -26.7% -10.2%
West 17.0% 13.2% 15.5% 14.9% -19.9% -9.2%
------------- Seasonally Adjusted Index Level -----------
United States 88.6 89.7 90.9 88.8 82.1 92.6
Northeast 63.6 67.5 68.9 69.2 64.5 63.4
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Aug. July June May April March
2011 2011 2011 2011 2011 2011
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Midwest 76.2 79.1 79.7 82.8 74.9 82.7
South 96.9 94.4 99.2 95.0 91.3 110.3
West 108.1 110.8 107.0 100.6 89.1 97.8
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NOTE: About 80 percent of pending home sales will become existing home sales transactions within two months. The U.S Commerce department calculates new homes sales based upon signed contracts. Base value 2001 = 100.
SOURCE: National Association of Realtors http://www.nar.realtor.com
To contact the reporter on this story: Chris Middleton in Washington at cmiddleton2@bloomberg.net
To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net
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