December 2009 marked the highest volume of pending home sales in the month of December since December 2006, with volumes up 35% since last December according to the NWMLS's Northwest REporter.
Just like the past several months, the reasons for these higher than '08 numbers are due to shrinking inventory (down 15.6% from a year ago), the extended tax credit, and fabulous interest rates. Also, affordability is still great right now and this will drive buyers into the market.
Source: NWMLS, Northwest REporter, January 5, 2010
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