Monday, December 5, 2022
HomeBlogsAugust 2022 Pending Residence Gross sales Down

August 2022 Pending Residence Gross sales Down


NAR launched a abstract of pending residence gross sales information displaying that August’s pending residence gross sales tempo weakened 2.0% final month and fell 24.2% from a yr in the past.

Bar graph: Pending Home Sales Index, August 2021 to August 2022

Pending gross sales signify properties with a signed contract to buy however have but to shut. They have an inclination to steer existing-home gross sales information by one to 2 months.

All 4 areas confirmed double-digit declines from a yr in the past. The West had essentially the most important dip of 31.3%, adopted by the South with a drop in contract signings of 24.2%. The Midwest fell 21.1%, adopted by the Northeast with the smallest decline of 19.0%.

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

From final month, three of the 4 areas confirmed reductions in contract signings. The West area had the one acquire of 1.4%. The Midwest had essentially the most important dip of 5.2%, adopted by the Northeast, with a lower of three.4%. The South had the smallest decline of 0.9%.

The U.S. pending residence gross sales index degree for August was 88.4.

August’s contract signings convey the pending index under the 100-level mark for the fifth consecutive month.

The 100 degree is predicated on a 2001 benchmark and is in keeping with current residence gross sales above the 5 million mark.

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



Supply hyperlink

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments