NAR: Pending Home Sales Increased 3.3% in November; Up 2.6% YoY

From the NAR: NAR Pending Home Sales Report Shows 3.3% Increase in November

Pending home sales in October increased by 1.9% from the prior month and fell 0.4% year over year, according to the National Association of REALTORS® Pending Home Sales Report. …

Month-Over-Month
3.3% increase in pending home sales
Gains in all four regions

Year Over Year
2.6% increase in pending home sales
Gains in all four regions
emphasis added

Note: Contract signings usually lead sales by about 45 to 60 days, so this would usually be for closed sales in December and January.