Pending home sales increased 6.1% to a reading of 110.1 in September from a 6.4% rise to 103.8 in August, according to an index released yesterday by the National Association of Realtors.
The eight straight months of increases in the index mark the first time since its inception in 2001 that such a streak occurred, NAR said in a release.
Thomson Reuters’ poll of economists had predicted a 103.8 reading.
Year-over-year the pending homes sales index was up 21.2% from last September, when the index was at 90.9.
