I expect to see some improvements in year-over-year numbers. Last year was not the best year for home sales in the US.
Pending Home Sales Jumped 6.1% in March
Key Highlights
- Pending home sales in March leapt 6.1%.
- Compared to one month ago, pending home sales declined in the Northeast, while the Midwest, West, and especially the South – underwent increases.
- Year-over-year, contract signings rose in the Midwest. However, the Northeast, South, and West declined, with the biggest drop in the Northeast.
The numbers from NAR are always interesting to me, partly because they show that real estate is local and varies by region.
