ASSOCIATED PRESS Enlarge
WASHINGTON — The National Association of Realtors reported Friday that its seasonally adjusted pending home sales index rose 1.7 percent in November from October to 106.4. That’s the highest since April, 2010, when a homebuyer tax credit caused a spike in sales.
In Ohio, the pending home sales index rose for the 19th consecutive month compared to the results from the prior year.
November’s index of 154.9 was 14 percent higher than a year earlier.
The lag between a signed contract and a completed sale is generally one to two months.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.