We just released the RBI Pending Home Sales Index for both the Washington, DC metro area and the Baltimore metro area. Check back here on the 10th of each month for the latest editions.
For the first time in several years, the spring/early summer market has been performing consistently with historical patterns as opposed to some sort of manic trend from a lot of external influences from outside the region.
RBI Pending Home Sales Index [Washington, DC Metro Area] – Most Contracts Signed In May Since 2005
Pending Home Sales Index [Baltimore Metro Area] – Seasonal Increase in Signed Contracts in May
I am partial to these indices not only because I developed them using RBI’s robust data set, but because they are released 10 days after the close of the month, 3 weeks faster than NAR and 6 months faster than S&P/Case Shiller.
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