Although buyer competition is softening across major California markets, statewide pending sales data reveals heightened activity in Southern California. On a seasonally adjusted annualized basis, the California Association of Realtors Pending Home Sales Index (PHSI) rose 3.5 percent between July 2015 and July 2016.
- Pending Home Sales Index (PHSI) rose 3.5 percent between July 2015 and July 2016.
- The south end of the state stole the show, with a 1.6 percent annual jump in pending sales.
- Respondents of CAR’s July survey said listing appointments, along with calls and open house attendance, has slowed given the time of year.