Pending Home Sales Receded 4.9% in January (NAR)

Key Highlights

• Pending home sales decreased 4.9% in January.
• Month over month, contract signings rose in the Northeast and West but fell in the Midwest and South.
• Compared to one year ago, pending home sales declined in all U.S. regions.

Pending home sales in January dropped 4.9%, according to the National Association of Realtors®. The Northeast and West posted monthly gains in transactions while the Midwest and South recorded losses. All four U.S. regions registered year-over-year decreases. READ MORE