For the past two months pending homes sales have noticed a significant decline, however, in May they raised by 44.3% compared to April, according to the NAR (National Association of Realtors). 

 

Pending home sales rose to their highest level this February, and remain higher than a year ago according to the National Association of REALTORS?. Led by a sizeable increase in the Midwest, all major regions except for the Northeast saw an increase in contract activity.

Although the Pending Home Sales index, a forward-looing indication based on contract signings, has now increased year-over-year for 18 consecutive months, last month?s gain was the smallest.