Pending sales drop in San Diego

This just emphasizes that you should make offers this month which is many banks fiscal year-end (especially on properties that have fallen out of escrow).

Pending home sales are dropping month by month in San Diego, while they are rising nationally, the latest figures from realty groups show.

It seems like when I talk to people, California and San Diego, in particular, experience this stuff first," she said. "We were one of the first to experience the dip (in sales) and we've kind of experienced some more positive signs; median prices started to increase here before they did at the national level.

Pending sales are considered a leading indicator of housing activity, since buyers typically sign a purchase contract and take several weeks to close escrow -- currently a four- to eight-week process.

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Pending sales drop in San Diego