Boston Realtor Mike Mahoney
Michael Mahoney
617-615-9435617-615-9435

Pending Sales in April Coming Back After March Drop

Pending Home Sales Back on Track Nationally

Existing Home Sales April 2019 National Association of Realtors

Existing Home Sales April 2019 National Association of Realtors – Click to see large image

The National Association of Realtors announced yesterday that the April pending home sales is back after a slip in March.   The following is the press release from the National Association of Realtors on April 30th.

Pending home sales were back on track last month, reversing course after last month’s drop. Three of the four major regions saw an uptick in contract signs in March, the National Association of REALTORS® reported Tuesday.

NAR’s Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 3.8 percent last month over February, and contract signings reached a reading of 105.8. Still, contract signings are down 1.2 percent year over year, marking the 15th consecutive month of annual decreases.

Pending home sales have been volatile in recent months. However, NAR’s Chief Economist Lawrence Yun predicts the numbers to begin climbing more consistently.

“We are seeing a positive sentiment from consumers about homebuying, as mortgage applications have been steadily increasing and mortgage rates are extremely favorable,” Yun says.

Sales activity in the West has risen at a relatively stable rate for the past five consecutive months. The region saw a “significant spike” in activity in March, Yun notes. “Despite some affordability issues in the West, the numbers indicate that there is a reason for optimism,” he says. “Inventory has increased too. These are great conditions for the region.”

But overall, sales activity continues to “under perform” across the country, says Yun.

“In the year 2000, we had 5 million home sales,” he says. “Today, we are close to that same number, but there are 50 million more people in the country. There is a pent-up demand in the market, and we should see a better performing market in the coming quarters and years.

Press release from National Association of Realtors

Comments are closed.

Reviews

5suzannechapman1208

I selected Mike after having a very unsuccessful experience with a previous broker. He had excellent ideas in helping to sell my house and continued to advertise it with a fresh perspective. His experience helped in a number of ways and I only wish we had... (more)

5goodlife99

This is the second property I have sold in Weymouth MA with Mike as my broker. He research the area and give you all the information you need to decide what to list your property for, so it sells timely. He also helps review and negotiate all offers and is... (more)

5SullyLemmons

We had been trying to sell our condo for well over a year and decided to give Mike a shot at it as he came well recommended. It was not easy for him but he persisted and had success. Even though it wasn't a big sale or profit for him, he acted as though it... (more)

Review Michael Mahoney on Zillow.com

Community Events

We Play Mah Jongg and have fun. Please check to see if enough players are RSVP.

Mah Jongg in Cambridge and Beyond

Intermediate to Advanced players only. We play for money. Please RSVP. Bring your set if you have one. We play quick and strategic games. We have fun whether we win or lose. Bring your current Mah Jongg card and a sense of humor. PLEASE PATRONIZE...

Spiritual Awakening Community Gathering

The Healing Journey Circle

Calling in those on a path of spiritual awakening and ascension! Let's connect and build a network of like minded soul friends :) This is just a casual get together to make friends and connections with those on a similar path of spiritual...

Brookline game

Cambridge/Brookline Kickball

We'll be playing at Amory Park, accessible by bus or train. Its near the B (BU West) or C line (Kent Street) in Brookline. This is a great location, and we'll likely hit up a local watering hole for post-game libations. We'll set up camp wherever...

Lag B'Omer Cocktail Party

Jewish Singles Mingle

Please join us for a Lag B'Omer celebration in a Newton bar for drinks, appetizers, music and socializing. Meet other Jewish singles ages 50-65 and have a lively evening! It's only $36 per person, and space is limited. Prepaid advance...