The National Association of Realtors pending home sales index (these are the homes under contract or sale is pending) rose 10% from a month earlier. This was an increase from September 2011 to October 2011. The big reason was and still is the low interest rates for a mortgage.
Interesting comparison was showing the same statistics for Beverly, Salem, and Peabody. These three towns increased the same 10% as the National Average.
Check out our graph showing the pending home sales for September and October 2011!!