According to a new report released on Tuesday by the National Association of Realtors (NAR), the number of pending home sales in March was the highest it’s been since June 2013.
The data released by the NAR showed the Pending Home Sales Index (PHSI) had reached 108.6, which was 1.1 percent higher than the month before, making it the third month in a row pending sales have increased month over month. Additionally, that number is the highest we’ve seen since it hit 109.4 in June 2013.
Image via flickr/Jessica Merz
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