Pending home sales were up nationwide by 10.4 percent year over year nationwide during December, and were down by 0.4 percent in the West region of the US. According to the National Association of Realtors' pending home sales report released today, the West region reported the smallest year-over-year increase in sales by far. Pending home sales were up year over year by 10.1 percent, 17.9 percent and 13.4 percent in the Northeast, Midwest and South, respectively.
Pending home sales were down year over year in December, dropping by 6.7 percent from December 2011 to December 2012. Year over year growth has been tepid in the West region in recent months.
See here for NAR's report.
According to NAR's press release: