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Pending home sales in July 2011

According to the Florida Realtors News from 8/29/2011, the Pending Home Sales Index (PHSI), a forward-looking indicator based on contract signings, slipped 1.3 percent to 89.7 in July from 90.9 in June; but its 14.4 percent above the 78.4 index in July 2010. The data for the PHSI is based on contracts, not closings. In the south pending home sales fell 4.8 percent in July to an index of 94.4 but are 9.5 percent higher than July 2010.

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