Pending-home sales rise to highest level in a year in October: Redfin
Housing Wire
NOVEMBER 17, 2023
U.S. pending-home sales rose 1% month over month in October to a seasonally adjusted annual rate of 401,000, the highest level in a year. Although pending sales fell 4.8% compared to October 2022, it’s still the smallest annual decline in nearly two years, according to a report from Redfin. Here’s a look at why pending-home sales picked up: The number of existing homes listed increased in October, giving buyers more options to choose from.
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