Pending Home Sales Trail Off 1.5% in April

Pending Home Sales Trail Off 1.5% in April. WASHINGTON, May 30, 2019 /PRNewswire/ – Pending home sales. San Jose-Sunnyvale-Santa Clara, Calif., Seattle-Tacoma-Bellevue, Wash., San.Read More

The Pending Home Sales Index, a forward-looking indicator based on contract signings, fell 1.5% to 104.3 in April, down from 105.9 in March. Year-over-year contract signings declined 2.0%, making this the 16th straight month of annual decreases.

Pending home sales in the South fell 2.5% to an index of 124.0 in April, which is 1.8% lower than last April. The index in the West dropped 1.8% in April to 93.5 and fell only 1.5% below a year ago. The National Association of Realtors is America’s largest trade association, representing more than 1.3 million members involved in all aspects.

NAR: Pending home sales trail off 1.5% in April WASHINGTON – May 30, 2019 – Pending home sales declined in April in a modest change from the growth seen a month before, according to the National Association of Realtors (NAR).

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WASHINGTON (May 30, 2019) – Pending home sales declined in April, a modest change from the growth seen a month before, according to the National Association of Realtors. Only one of the four major regions – the Midwest – experienced growth, while the remaining three regions reported a drop in their respective contract activity.

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Pending Home Sales in the united states averaged 0.71 percent from 2002 until 2019, reaching an all time high of 30.90 percent in October of 2009 and a record low of -24.30 percent in April of 2011. Pending Home Sales Index is based on sales of existing homes where the contract has been signed but the transaction has not been closed.

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US pending home sales fell 1.5% in April May 31, 2019 Finance Comments Off on US pending home sales fell 1.5% in April Fewer Americans signed contracts on homes in April compared with the prior month, potentially signaling that rising prices have outweighed recent declines in mortgage rates.