Bainbridge Island Real Estate: May 2011

According to the Pending Home Sales Index just released by the National Association of REALTORS®, March saw another increase in pending home sales, with a gain of 5.1% over February.

 “Since reaching a cyclical bottom in June of 2010, pending home sales have posted an overall gain of 24 percent and demonstrate the market is recovering on its own,” according to NAR chief economist Lawrence Yun.

 “The good news is that recent home buyers are staying well within budget, leading to exceptionally low loan default rates among home buyers over the past two years,” Yun added.

I’m excited by the continued improvement in our real estate market! Whether you’re thinking of selling or buying real estate, I can provide you with data that will help you make sound real estate investment decisions. Give me a call at 206-391-1718 or send an email to Kristi@buckleyrealestate.com