Pending home sales fall, marking the 16th-straight month of annual declines

This means U.S. home-sale prices reached a median of $307,000 in April, marking. declines as little as 0.1%. When it comes to home sales, the report revealed they remained essentially stagnant.

WASHINGTON – More Americans signed contracts to purchase homes in June, marking. sales index rose 2.8% to 108.3 in June, up from 105.4 in May. Pending home sales are up 1.6% from their pace a year.

 · pending home sales fell once again in February, according to the National Association of Realtors. The pending home sales index, a forward-looking indicator based on contract signings, fell 1 percent last month to 101.9. Year-over-year contract signings declined 4.9 percent in February, marking the 14 th consecutive month of annual decreases.

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Pending home sales dropped from both the previous month and last year in November, indicating that the robust sales registered in November will likely not be repeated in the months ahead, the.

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 · According to NAR, sales in May were up 12.9 percent over May 2012, the 16th straight month of year-over-year sales gains.

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What happened: NAR’s index, which tracks home-contract signings, has been volatile, but the trend is solidly downward. April marked the 16th-straight month of annual declines. Contract signings precede closings by about 45-60 days, so the pending home-sales index is a leading indicator for upcoming existing-home sales reports.

This as the supply of those homes rose 14%, marking four straight quarters of annual increases in inventory. NYSE:XHB May 1, 2019 2:34pm U.S. new home sales in March beat forecast, at 16-month.

Pending Home Sales Fall, Marking the 16th Straight Month of Annual Declines Ron Antonelli/Bloomberg via Getty Images The numbers: Pending home sales fell a seasonally adjusted 1.5% in April and were 2% lower than a year ago, the National Association of Realtors said Thursday. The consensus Econoday forecast was for a 0.5% increase.

In a positive sign for the housing market, pending home sales jumped 2.8 percent in june over May, marking two straight months. breaking a 17-month losing streak of annual declines, NAR reported.