• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Republica Press

Your Business & Political News Source

REPUBLICA PRESS
Your Business & Political News Source

  • Home
  • BUSINESS
  • MONEY
  • POLITICS
  • REAL ESTATE
  • SCIENCE/TECH
  • US
  • WORLD

Pending Home Sales Weaken 4.1% in February 2022

by

NAR released a summary of pending home sales data showing that February’s pending home sales pace declined 4.1% last month and fell 5.4% from a year ago.

Bar graph: Pending Home Sales, February 2021 to February 2022

Pending sales represent homes that have a signed contract to purchase on them but have yet to close. They tend to lead existing-home sales data by 1 to 2 months.

All four regions of the U.S. showed declines from a year ago. The Northeast had the largest dip of 9.2% followed by the West with a drop in contract signings of 5.3%. The Midwest fell 5.2% followed by the South with the smallest decline of 4.3%.

Bar graph: U.S. and Regional Pending Sales 2022 and 2021

From last month, three of the four regions showed reductions in contract signings. The Northeast region had the only gain of 1.9%. The Midwest region had the largest dip of 6.0% followed by the West with a decrease of 5.4%. The Midwest had the smallest decline of 4.4%.

The U.S. pending home sales index level for the month was 104.9.

February’s contract signings bring the pending index above the 100-level mark for the 21st-consecutive month.

Line graph: U.S. and Regional Pending Home Sales Index, January 2019 to February 2022

The 100 level is based on a 2001 benchmark and is consistent with existing-home sales above the 5 million mark.

View Source

>>> Don’t Miss Today’s BEST Amazon Deals! <<<<

Filed Under: REAL ESTATE

Primary Sidebar

More to See

Cathay Bank Celebrates Its 60th Anniversary

LOS ANGELES--(BUSINESS WIRE)--This year marks Cathay Bank’s 60th Anniversary. Founded in 1962 in Los Angeles Chinatown, the bank’s initial focus was … [Read More...] about Cathay Bank Celebrates Its 60th Anniversary

In Los Angeles, a Tree With Stories to Tell

In fact, it was after Mr. Johnson won the high jump that Hitler left the stadium in Berlin, before Mr. Johnson received his medal, even though earlier … [Read More...] about In Los Angeles, a Tree With Stories to Tell

Very Rare Frank Lloyd Wright Home in Virginia Available for $2.85M

Listed for $2,975,000 at the beginning of the month, this architectural delight in Virginia Beach had its price trimmed by $125,000 last week. Located … [Read More...] about Very Rare Frank Lloyd Wright Home in Virginia Available for $2.85M

Copyright © 2022 · Republica Press · Log in · As an Amazon Associate we earn from qualifying purchases.

Terms and Conditions - Privacy Policy