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Pending Home Sales Dropped 2.1% in May; Northeast and West Record Gains

“Inevitably, more inventory in a job-creating economy will lead to greater homebuying,” said NAR Chief Economist Lawrence Yun.

Home Industry News
By Michael Catarevas
June 27, 2024
Reading Time: 2 mins read
Pending Home Sales

Pending home sales in May slipped 2.1%, according to the National Association of REALTORS® (NAR). The Midwest and South posted monthly losses in transactions, while the Northeast and West recorded gains. Year-over-year, all U.S. regions registered reductions.

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Michael Catarevas

Michael Catarevas is a senior editor for RISMedia.

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