“Even though December pending sales were down for the nation as a whole, both the Northeast and the West managed increases. However, all four regions are running behind their December 2017 levels, with the South sustaining the largest decrease.
The PHSI in the Northeast rose 2.0 percent to 93.2 and is now 2.5 percent below a year ago. In the Midwest, the index fell 0.6 percent to 97.5, 7.2 percent lower on an annual basis.
Pending home sales in the South fell 5 percent to an index of 109.7 putting it down 13.5 percent compared to December 2017. The index in the West increased 1.7 percent in December to 88.4, its second consecutive monthly gain, but fell 10.8 percent below a year ago.”
