On the surface, May’s Pending Home Sales Index looks terrible for housing. And, if you’re a seller, it just might be. But, if you’re a buyer, the story reads differently. Just consider the market conditions.
April marks the third straight month that pending home sales are up and today’s buyers should take note. This is because, according to the National Association of RealtorsÂ®, 80% of homes under contract close within 60 days.
Today’s home buyers should consider making offer sooner rather than later. Looking at the data, it appears the best time to have found a “deal” on a home may have been in February.