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NAR’s Pending Home Sales Index Sinks to All-Time Low

NAR’s Pending Home Sales Index Sinks to All-Time Low

by Phil Hall | Feb 27, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Pending home sales dropped during January, according to new data from the National Association of Realtors (NAR). The Pending Home Sales Index (PHSI), NAR’s forward-looking indicator of home sales based on contract signings, tumbled by 4.6% to 70.6 in January, an...
Virginia Home Sales Up 1.8%

Virginia Home Sales Up 1.8%

by Phil Hall | Feb 26, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 5,758 home sales were recorded last month in Virginia, a 1.8% uptick (104 more sales) from one year earlier. Virginia Realtors reports roughly half of the state’s cities and counties recorded year-over-year sales. January saw 9,431 new listings coming onto...
Georgia Home Sales Up 2% from Last Year

Georgia Home Sales Up 2% from Last Year

by Phil Hall | Feb 26, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 7,158 home sales were transacted in Georgia during January, up 2% from one year earlier, while pending sales decreased 15% over the same period to 8,276 deals. According to data from the Georgia Association of Realtors, the state’s January inventory levels...
Illinois Home Sales Up 7%

Illinois Home Sales Up 7%

by Phil Hall | Feb 25, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 7,471 homes were sold in Illinois during January, a 7% year-over-year increase, according to data from Illinois Realtors. The state’s housing inventory was up by 1.5% from one year earlier, with 16,919 homes available for sale. January’s median price of...
Florida Single-Family Home Sales Up While Condo-Townhome Sales Drop

Florida Single-Family Home Sales Up While Condo-Townhome Sales Drop

by Phil Hall | Feb 24, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Florida’s housing market began 2025 with 15,384 closed sales of single-family homes statewide, up 3.6% from the January 2024 level, according to data from Florida Realtors. The statewide total of 5,787 existing condo-townhouse sales was down 3.7% year-over-year....
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