The National Association of Realtors has released its latest Pending Home Sales Index. The way the headlines are reporting the news, it is another ugly piece of data for the housing market. CNN is headlining it Home sale index hits 6-year low

The national index stood at 97.7 in May, down 3.5 percent from a downwardly revised April index of 101.2, and is 13.3 percent lower than May 2006 when the reading was 112.7.  In April, the index was 10.4 percent lower than a year earlier…

Is there anything positive to take away from this for Maui owners? Well here are the results for the West:

The PHSI in the West rose 5.6 percent in May to 95.4 but was 13.7 percent below a year ago. 

Certainly a more mixed message. For more information, contact us!