Pending home sales shot up in California during the month of February as more buyers signed contracts to acquire homes, the California Association of Realtors said Monday. C.A.R.'s pending home sales index grew from 102.3 in January to 127.8 in February.The index is based on the number of pending sales contracts signed each month. Contract activity is a sign of future home sales activity, and a sign of just how strong the home sales market is in certain areas.In February, the share of distressed sales recorded in California fell due to a lack of inventory in the bank-owned segment and in the short-sale market, CAR said."In fact, REO inventory declined 24% in February from the previous year, while short sale inventory dropped 17% during the same period," said C.A.R. President LeFrancis Arnold.Equity sales in California made up 51.1% of home sales in February, compared to 49.9% and 44.8% of all sales in January 2012 and February 2011, respectively.If you have equity in your home, we will sell your home and get top dollar in this challenging market with our  Internet Marketing and Sales Program or click Want to know what your home is worth? . If you do not have enough equity, and you must sell your property as a short sale we have the expertise to do so also, go to www.ShortSaleRealtors4U.comNew Pro-Property Search. We will setup a customized search for you by our professional REALTOR® Team. Sit back relax and shop at home! We will make changes to your Pro-Property Search any time you like, just let us know. Have fun!Want to know what your home is worth? [iframe http://tools.1parkplace.com/valueWizard/vluredirect.aspx?userid=47042 780 1100]