An important indicator of a real estate recovery is an upward trend of under contract or pending sales.

I can remember watching the pending sales hover around 77 units for months on end during the winter and spring of 2008.

Then in the fall of 2008 there was a jump to around 90 units under contract that was sustained for months.

Over the past few weeks that number has stayed around 105 to 108. There are dramatic increases.

I track four areas every day. Those are Avalon and Avalon Manor, Stone Harbor and Stone Harbor Manor, Wildwood Crest and North Wildwood.

This little microcosm is showing us a positive trend in seashore real estate. Couple this trend with the increased telephone and internet traffic and I am optimistic about what this summer season will bring.

Today the pending number is 116.