Pending Home Sales

The National Association of Realtors forward-looking pending home sales index rose slightly in September, continuing a steady upward climb that’s lasted several months.

Pending sales were just up 0.3% to 99.5 from 99.2 in August. The index had hit a two-year high of 101.9 in July before slipping 2.6% the next month.

In the West, pending sales increased 4.3% to 106.9.

Compared to last September, nearly every region saw double-digit swells except the here in the West. There, the index just made a tiny move up of  0.8% vs September.

Nationwide, the index is up 14.5% in the past 12 months.