The Number of Pending Home Sales

... rose in August compared to July, 2006. This index is used by the National Association of Realtors to rate activity in sales. If there is an anticipated reduction in listings on the market, as this index might show, that may mean price stabilization in the near future. Demand gets closer to supply. Pending home sales usually close 30-60 days. September and October data will tell more of the story. See this website for more real estate information.