Pending Sale Activity | 3/15 -3/31/08 Home Sales

Posted by Jace Stolfo on Thursday, April 3rd, 2008 at 6:12pm.

“Pending Sales” are the best way to track current market activity. A sale goes pending when there is a signed purchase and sale agreement.  However, keep in mind that not all sales that go pending will actually reach closing.  Some will fall due to financing issues, etc.

The second half of March pending home sales increased for both existing homes and new construction.

The average home listing price was $259,802.  The median home listing price was $212,945. Existing, Pending Home Sales Graph:

existing.jpg

New Construction, Pending Home Sales Graph:

new.jpg

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