|Chennai||Rs. 24020.00 (-0.17%)|
|Mumbai||Rs. 25020.00 (0.28%)|
|Delhi||Rs. 24450.00 (0%)|
|Kolkata||Rs. 24600.00 (-0.32%)|
|Kerala||Rs. 24050.00 (0%)|
|Bangalore||Rs. 24160.00 (-0.17%)|
|Hyderabad||Rs. 24030.00 (-0.12%)|
: The National Association of Realtors' index of signed contracts to buy homes dropped 4.3 percent in December to 101.7. That's down from a 2 ½ -year high in November.
TIGHT SUPPLY: Sales were held back by a limited supply of available homes, which fell to an 11-year low in December.
TREND IN PLACE: The decline suggests sales will cool off in January. There's generally a one- to two-month lag between a signed contract and a completed sale. Still the broader trend remains solid: Home sales rose in 2012 to their highest level in five years.