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October's Pending Home Sales Index Shows Stability

Click to expand. Graph from RBI

The monthly report from the statistical analysis group RBI has been released and the number of pending contracts for October is up compared to September, but the median sales price is down. Both those bits tidbits are consistent with years past, however, so nothing out of the ordinary here. In fact for the past ten years October has best September by a little over 4% on average. For a full rundown, click on over.

· Pending Home Sale Index [RBI]

NOTE: This monthly report has typically been prepared by Jonathan Miller, Curbed contributor and CEO of the appraisal firm Miller Samuel, but is now written by the RBI team. Miller discussed his departure on his blog, but he is still a Curbed contributor, so we can expect plenty more of his unambiguous truth-telling in the near future.