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April 2011 RBI Pending Home Sales Index Released – Washington, D.C. and Baltimore Metro Areas

May 10, 2011  |  by Jonathan Miller

The April RBI Pending Home Sales Index reports were just released – take a look:

RBI Pending Home Sales Index [Washington, D.C Metro Area] – Open Report

April buyers and sellers in the Washington, D.C. metro area signed 5,170 purchase contracts, the second highest April since 2006. The total was second only to the April 2010 surge in activity related to the final days of the federal homebuyer tax credit… [read more]

RBI Pending Home Sales Index [Baltimore Metro Area] – Open Report

There were 2,712 signed contracts in the Baltimore metro area for the month of April, 21.8% below the tax
credit-fueled surge of 3,466 in the same month last year in the waning moments of the federal stimulus
program…April pending sales did not keep pace with March pending sales… [read more]

Note: I created these pending sales indices using RBI’s powerful data set because pending home sales lead sales price trends. I’ve never been able to figure out why so many people are so obsessed with stale market information reported as current but lags the market by 5-7 months. Please clue me in.

Posted in Jonathan Miller Insights

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