From the NAR: NAR Pending Home Sales Report Shows 0.8% Decrease in June
Pending home sales decreased by 0.8% in June from the prior month and 2.8% year-over-year, according to the National Association of REALTORS® Pending Home Sales report. The Report provides the real estate ecosystem, including agents and homebuyers and sellers, with data on the level of home sales under contract.Note: Contract signings usually lead sales by about 45 to 60 days, so this would usually be for closed sales in July and August.
Northeast
2.1% increase month-over-month
Unchanged year-over-year
Midwest
0.8% decrease month-over-month
0.9% decrease year-over-year
South
0.7% decrease month-over-month
2.9% decrease year-over-year
West
3.9% decrease month-over-month
7.3% decrease year-over-year
emphasis added
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