Sales of homes in contract hit their highest level in more than five years last month, adding to signs of a strengthening market.

An index of pending home sales rose 5.2%, to 104.8, in October from a month earlier, the National Association of Realtors said Thursday.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.