Sanibel real estate blog: Look at those pending sales

Pending sales went to their highest level since January 2013, reported the National Association of Realtors this month. All regions except the midwest saw gains.

Why are pending sales important? The Pending Home Sales Index (PHSI) is a forward looking indicator based on contract signings- so it tells us where we will be sale-wise in upcoming months.

If it is time for you to get in to the Sanibel real estate action, check out our website at or give Chuck Andrews a call to discuss the area market.

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