February Pending Home Sales Up 3.1%, Says NAR

Washington, DC, March 31, 2015—Pending home sales increased by 3.1% in February, according to the National Association of Realtors (NAR), in spite of colder than average temperatures and heavy snow in much of the U.S.

Gains were primarily driven by sales in the West and Midwest.

NAR’s Pending Home Sales Index reveals that February’s rate was 12% higher than that of February 2014 and the highest level since June 2013.