Pending Home Sales Slip in June, Remain Above a Year Ago

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WASHINGTON (July 26, 2012) – Pending home sales declined in June but marked 14 consecutive months of year-over-year gains, according to the National Association of Realtors®

The Pending Home Sales Index,* a forward-looking indicator based on contract signings, slipped 1.4 percent to 99.3 in June from a downwardly revised 100.7 in May but is 9.5 percent higher than June 2011 when it was 90.7.  The data reflect contracts but not closings.

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