Pending Home Sales Declined 4.6 Percent In October
According to NAR, the West index slipped by 11.3 percent month-over-month—the largest decline across the U.S.
According to NAR, the West index slipped by 11.3 percent month-over-month—the largest decline across the U.S.
Nearly 60,000 home-purchase agreements fell through, equal to a record 17.9 percent of homes that went under contract
The latest data marks the largest drop in at least eight years
The West was the only region to see a sales increase in August
Sales retreated in all four major regions, with the West experiencing the largest decline in June
As of early July, the drop marks the largest decline since May 2020
The median asking price of newly listed homes is down 1.5 percent from the Spring
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Compared to the prior year, pending sales dropped 9.1 percent year-over-year decline in all regions
Contract activity is down for the fifth consecutive month per NAR’s March numbers
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