The National Association of Realtors Pending Home Sales Index eked out a revised 0.1 percent gain in December.
The Index, for which 100 denotes an average level of activity, now measures 106.8. And while that’s down from the initial report of 106.9 for the month before, the November measurement has been downwardly revised to 106.7. The measurement in December was 4.2 percent higher versus December 2014.
At the same time, the Pending Home Sales index for the West dropped 2.1 percent to a below-average reading of 97.5 in December, which is 2.1 percent higher than at the same time last year but versus 4.5 percent higher on a year-over-year basis in November (and 10.4 percent higher on a year-over-year basis the month before that).