The National Association of Realtors is reporting that pending home sales were down 4.4% in April, 2021. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) dropped 4.4% to 106.2. However, they report that year-over-year contract signings were up 51.7%. Indeed…
“Contract signings are approaching pre-pandemic levels after the big surge due to the lack of sufficient supply of affordable homes…The upper-end market is still moving sharply as inventory is more plentiful there.” Said Lawrence Yun, NAR’s chief economist
Click here to read the full report at the National Association of Realtors.
