Pending homes sales in the U.S. grew for the fourth straight month in November to return to the highest level since early 2023, the National Association of Realtors said Monday.
The NAR’s index of pending sales increased by 2.2% last month to reach an index level of 79, the greatest since February of last year. Economists polled by The Wall Street Journal were expecting a smaller 0.7% increase.
Pending sales improved by the most in the South, where they grew by 5.2%. In the West, they grew by 0.5%, and in the Midwest by 0.4%. Northeast pending sales fell by 1.3% in November.
