juliewoodw@coldwellbanker.com
    361-563-7788

Port Aransas Texas Real EstatePort Aransas Texas Real Estate

  • Home
  • Search
    • Advanced Search
    • Map Search
    • Featured Homes
    • Trending Searches
    • Search Condos
    • Address Search
    • Search by MLS ID #
  • Port Aransas
    • About Port Aransas
    • Port Aransas Condos
    • Port Aransas Homes
    • Port Aransas Lots
  • N Padre Island
    • About North Padre Island
    • North Padre Island Homes
    • North Padre Island Condos
    • North Padre Island Lots
  • Buy
    • Mortgage Calculator
    • Getting Ready to Buy
    • Moving Checklist
  • Sell
    • What’s Your Home Worth
    • Selling Your Home
    • Local Market Reports
    • Sell Your Home Faster
  • Concierge
    • About Julie
    • Blog
    • Testimonials
    • Port Aransas Links
    • Real Estate Services
    • Restaurants
    • Schools
  • Contact

Pending Home Sales Post 20th Consecutive Month Of Annual Gains

Pending Home Sales IndexThe National Association of REALTORS® (NAR) reports that the Pending Home Sales Index fell 4.3 percent in December as compared to the month prior. The index now reads 101.7.

The Pending Home Sales Index measures the number of U.S. homes that have gone “into contract”, but have not yet closed. The report is based on data collected from local real estate associations, and from national brokers.

Despite December’s drop, however, the annual rate at which contracts for a home purchase were drawn increased 6.9 percent from one year ago, and marked the 20th consecutive month of annual purchase contract gains.

NAR reports that 80% of homes under contract are closed with 60 days, with the majority of the remained homes “sold” within months 3 and 4.

Analysts believe that December’s Pending Home Sales Index drop is not a result of a weakening housing market. Rather, it’s a function of a falling national home supply; in particular, a shortage of homes in the West Region offered a prices under $100,000.

The national housing inventory is currently at an 11-year low. However, regionally, results varied :

  • Northwest : -5.4 percent from November; +8.4 percent from one year ago
  • Midwest : +0.9 percent from November; +14.4 percent from one year ago
  • South : -4.5 percent from November; +10.1 percent from one year ago
  • West: -8.2 percent from November; -5.3 percent from one year ago

Although December’s Pending Home Sales Index dropped as compared to November, the year-to-year growth of pending home sales suggests a broader improvement in the U.S. housing market. Furthermore, the index is a strong indicator of existing home sales, which means that this season’s home sales should outpace those from 2012.

The Pending Home Sales Index is bench-marked to 100, the value from 2001, which was the index’s first year of existence. 2001 was considered a strong year for the housing market so last month’s 101.7 is considered a positive measure for the housing market.

Analysts project a strong Spring market in North Padre Island and nationwide.

Posted in: Housing Analysis Tagged: NAR, Pending Home Sales Index, PHSI

Nearby Hot Properties

109 Frontside Dr $995,000

109 Frontside Dr Port Aransas, Texas

4 Beds 4.5 Baths 3,509 Sq Ft Acres

6317 Hwy. 361 3218 $239,000

6317 Hwy. 361 3218 Port Aransas, Texas

2 Beds 2 Baths 1,454 Sq Ft Acres

6317 Hwy. 361 3102 $215,000

6317 Hwy. 361 3102 Port Aransas, Texas

2 Beds 2 Baths 1,360 Sq Ft Acres

6317 Hwy 361 6108 $185,000

6317 Hwy 361 6108 Port Aransas, Texas

2 Beds 2 Baths 1,425 Sq Ft Acres

5973 Hwy 361 - Park Road 53 109 109 $175,000

5973 Hwy 361 - Park Road 53 109 109 Port Aransas, Texas

3 Beds 2 Baths 1,250 Sq Ft Acres

7477 State Hwy 361 103 $169,900

7477 State Hwy 361 103 Corpus Christi, Texas

1 Beds 1 Baths 873 Sq Ft Acres

5973 5973 Hwy. 361, #126 126 $125,000

5973 5973 Hwy. 361, #126 126 Port Aransas, Texas

3 Beds 2 Baths 1,250 Sq Ft Acres

129 Beach View Dr $96,500

129 Beach View Dr Corpus Christi, Texas

Beds 0 Baths Sq Ft Acres

Post navigation

« What’s Ahead For Mortgage Rates This Week : January 28, 2013
How To Paint Your Home’s Exterior Walls »

Quick Search

Advanced Search Map Search

Talk to Julie Now!

Have a question? Give me a call at 361-563-7788, or you can click my photo for more options to call or email and I will contact you right away.

Follow Me

What’s Trending

  • Port Royal Condos
  • Mayan Princess Condos
  • Sandpiper Condos
  • La Mirage Condos
  • Sandcastle Condos
  • Island Moorings Condos
  • Aransas Princess Condos
  • Coral Cay Condos
  • Island Retreat Condos
  • Clines Landing Condos

Contact Julie

Port Aransas Texas Real Estate
Julie Woodward, Broker/Associate

Address: 1900 State Highway 361
Port Aransas, TX 78373-4894
Direct: (361) 563-7788 (Mobile)
Phone: (361) 749-6000 (Office)
By Fax: (361) 749-5337 (Fax)
By e-mail: [email protected]

Quick Search Links

  • Port Aransas
  • Port Aransas Homes
  • Port Aransas Condos for Sale
  • Port Aransas Lots
  • North Padre Island
  • North Padre Island Homes
  • North Padre Island Condos
  • North Padre Island Lots

Hot Port Aransas Real Estate

This charming home was recently featured in the Caller Times home section! Spacious and inviting 4 bed, 4.5 bath home in Island Park Estates, a beachfront community with a pool and beach cart accessible dune crossover. "Are We There Yet" is a completely renovated beach house beautifully furnished with a coastal flair. Large open kitchen, dining, living and wet bar with views out every window. Huge covered deck to enjoy the views plus a covered porch for alfresco dining, grilling and relaxing. Third floor master has a private deck with spectacular Gulf views and remodeled bath with ceramic shiplap planked walk in shower and quartz countertops. Luxury vinyl plank flooring throughout and new exterior Duxxbak decking system. Ground floor has 2 beds & baths with a second spacious living area ideal for kids and cart garage. Lots of natural light throughout the home with many outdoor options for views and relaxation. A popular rental it sleeps 18. Excellent investment opportunity! Wow! $995,000 Active

109 Frontside Dr Port Aransas, Texas

4 Beds 4.5 Baths 3,509 Sq Ft

Disclaimer - All Rights Reserved by Julie Woodward

© 2019 · Coldwell Banker, Island Escapes · Julie Woodward · (361) 563-7788 · IDX Login · Sitemap · IDX Sitemap
Texas Property Code requires REALTORS to provide this form to customers, potential customers and clients. Click link for form. | Consumer Protection Notice
Log in · Real Estate Websites by Real Estate Websites