Pending Home Sales Bounce Back 1.1% in May

Published Thursday, June 27, 2019 12:00 pm
by Quintin Simmons

WASHINGTON (June 27, 2019) – Pending home sales increased in May, a positive variation from the minor sales dip seen in the previous month, according to the National Association of Realtors®. Three of the four major regions saw growth in contract activity, with the West experiencing a slight sales decline.

The Pending Home Sales Index,*, a forward-looking indicator based on contract signings, climbed 1.1% to 105.4 in May, up from 104.3 in April. Year-over-year contract signings declined 0.7%, marking the 17th straight month of annual decreases.