- July Pending Home Sales: -1.8% M/M to 110.7 vs. +0.3% consensus and -2.0% in June.
- Compared to June, only the West saw contract signings increase in July.
- The Northeast experienced the largest monthly and year-over-year decreases.
- All regions recorded year-over-year declines, dropping 8.5% nationally.
- “The market may be starting to cool slightly, but at the moment there is not enough supply to match the demand from would-be buyers,” said Lawrence Yun, NAR’s chief economist. “That said, inventory is slowly increasing and home shoppers should begin to see more options in the coming months.
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Monday, August 30, 2021
Pending home sales unexpectedly falls in July
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