Comparison of Pending Sales 2012 to 2011

I want you to see how the last twelve months, the immediate twelve months prior to December, how it looked compared to the twelve previous months to that. So we can look down at the bottom—November 2010 to November 2011 is the light green on this graph. The dark green is November 2011 to November 2012. We can see that 2012 totally destroyed 2011 as far as sales are concerned. And I think we are going to see another big jump up again in 2013.

Now again, are we going to see 2006 levels? No, not any time soon. But 2006 was a little bit of an anomaly. What we are is back to normal levels.

NAR, who puts the pending home sales report out, and has tracked these numbers prior to the bubble what is the historical healthy level of the real estate market. They put that at a hundred. That is the gold line going across the graph. We could see we are super. We have been bouncing off the level over the last couple of months. Now we have definitely jumped above that in a big way. We think we are going to continue to see very strong pending home sales through the next couple of months, which will be a little bit of an anomaly, because that doesn't normally take place during the winter months. But I think we are going to remain strong this particular year.

I would appreciate any comments about this blog, or any other blogs.