In September, for the fifth straight month, the Pending Home Sales Index hovered near its benchmark value of 100, registering 99.5.
The National Association of REALTORS® reports Existing Home Sales at 4.75 million units in September 2012 on a seasonally-adjusted, annualized basis, an 11 percent increase from one year ago.
According to the real estate trade association, the Pending Home Sales Index read 99.2 for August -- the fourth straight month in which the index hovered near its benchmark value of 100.
According to the National Association of REALTORS®, 4.82 million "existing homes" sold on a seasonally-adjusted, annualized basis in August, representing a near 8 percent improvement from the month prior and a nine percent jump from August 2011.
In July, the third time this year, the Pending Home Sales Index crossed its benchmark value of 100, moving to 101.7.
Home resales climbed 2% last month as the housing market continues its slow, steady recovery.
All 20 Case-Shiller Index markets improved between April and May 2012.
The Pending Home Sales Index is on a 14-month winning streak.
In May, for the second time in 3 months, the Pending Home Sales Index crossed the 100 barrier.
Home resales slipped last month; a temporary setback for the housing market's recovery.