Having slipped in October, the National Association of Realtors Pending Home Sales Index inched up 0.8 percent in November and is running 4.1 percent higher on a year-over-year basis.
The Pending Home Sales index for the West increased 0.4 percent in November and is running 4.9 percent higher versus the same time last year.
In terms of inventory, the number of homes listed for sale across the country is currently running 2.2 percent higher than at the same time last year.