Pending sales of homes increase,

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BY C.R. ROBERTS
As the number of pending home sales increases, demand for properties is up as buyers take advantage of lower prices.Northwest Multiple Listing Service reported today that members have reported a 43 percent increase in pending sales of single family homes and condominiums during May, compared to the same month a year ago. The agency represents members in 21 Washington counties.Sellers accepted offers from 7,509 buyers last month, up from the 5,242 a year before.In Pierce County, MLS members reported 1,579 new listings for residential and condominium properties in May, compared to 1,443 a year ago. More importantly, there were 1,223 pending sales in May, well ahead of 859 – a 42.3 percent increase – recorded a year ago. Closed sales rose from 796 from 741, a 7.4 percent increase.In Thurston County, members marked 459 new listings, compared to 464 a year before. There were 338 pending sales in Thurston County in May, up nearly 22 percent from 278 sales in 2010. The 255 closed sales in May marked a 1.5 percent decrease from 259 a year before.

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