Pending Home Sales Bounce Back 1.1% in May

Pending Home Sales Bounce Back 1.1% in May

 

WASHINGTON/ June 27, 2019 (STL.News)

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,* www.nar.realtor/pending-home-sales, a forward-looking indicator based on contract signings, climbed 1.1% to 105.4 in May, up from 104.3 in April.

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