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An indicator that the housing market is stabilizing is the number of pending homes sales. To monitor the status of pending home sales, the National ociation of Realtors uses the Pending Home Sales Index, which shows the trend of homes sales as they change annually. The National ociation of Realtors said that of rising inventories for months, soft prices and home sale activities the housing market would be stabilized. In addition, the housing market rose about 4.9 percent This is said to be the largest increase since March 2004 when it rose up to 6.9 percent compared to the months’ way back.