Monthly Real Estate Update

According to….

March pending home sales rise, market recovering

WASHINGTON (April 26, 2012) – Pending home sales increased in March and are well above a year ago, another signal the housing market is recovering, according to the National Association of Realtors® (NAR).

The Pending Home Sales Index (PHSI), a forward-looking indicator based on contract signings, rose 4.1 percent to 101.4 in March from an upwardly revised 97.4 in February, and it’s 12.8 percent above March 2011 when it was 89.9. The data reflects contracts but not closings.

The index is now at the highest level since April 2010 when it reached 111.3.

“First quarter sales closings were the highest first quarter sales in five years,” says Lawrence Yun, NAR chief economist. “The latest contract signing activity suggests the second quarter will be equally good. The housing market has clearly turned the corner. Rising sales are bringing down inventory and creating much more balanced conditions around the county, which means home prices will be rising in more areas as the year progresses.”

The PHSI in the Northeast slipped 0.8 percent to 78.2 in March but is 21.1 percent above March 2011. In the Midwest, the index declined 0.9 percent to 93.3 but is 16.9 percent higher than a year ago.

Pending home sales in the South rose 5.9 percent to an index of 114.1 in March and are 10.6 percent above March 2011. In the West, the index increased 8.7 percent in March to 108.0 and is 9.0 percent above a year ago.

May 2012 Movie Releases Schedule & Calendar:

May 4, 2012: 

Marvel’s The Avengers (Robert Downey Jr.)

The Best Exotic Marigold Hotel (Tom Wilkinson)

First Position

May 11, 2012:

Dark Shadows (Johnny Depp)

May 15, 2012

The Apple Pushers

May 16, 2012

The Dictator (Sacha Baron Cohen)

May 18, 2012

What to Expect when you are Expecting (Jennifer Lopez, Cameron Diaz)

Battleship (Taylor Kitsch)

Hysteria (Hugh Dancy, Maggie Gyllenhaal)

May 25, 2012

Men in Black 3 (Will Smith)

Moonrise Kingdom (Bruce Willis, Edward Norton) 

Events Around Town May 2012:

Naples City Fest, May 4-13, 2012

Sip on Fifth, May 4, 2012

Derby Dash at Ridgway Bar & Grill, May 5, 2012, 5pm-07:30pm

Taste of Collier, May 6, 2012, 12pm-4pm

36th Annual Great Dock Canoe Races, May 12, 2012, 11am

ABBA: The Concert- with the Naples Philharmonic Orchestra, May 18, 2012, 8pm




About yournapleshome

Karen is originally from Cape May County, New Jersey but considers herself a Floridian due to the many years she has resided in this sunny state! She has two children, Kimberly and Jennifer. Kimberly graduated form the University of Florida in 2000 and resides in Naples with her husband and two children. She works in education . Jennifer graduated from the University of Florida in 2006 and resides with her husband in Raleigh, North Carolina. She currently works for the Sweatlock Team as a marketing executive. The Sweatlock Team provides top-notch personable and professional real estate services, custom marketing for listings, efficient and honest service, fair representation, and a team that is ready to work for you! All combined with great expertise and impeccable service- a combination that can't be beat! Our clients are clients for life.
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