Sunday, 11 April 2021 | The Latest Buzz for the Appraisal Industry

NAR: Pending Home Sales Down a Bit, But Demand Remains High

Pending home sales were down for a second straight month in February, with the National Association of Realtors’ Pending Home Sales Index (PHSI) dropping 10.6% to 110.3.

Each of the four major U.S. regions witnessed month-over-month declines, while results were mixed in the four regions year-over-year.

“The demand for a home purchase is widespread, multiple offers are prevalent and days-on-market are swift but contracts are not clicking due to record-low inventory,” says Lawrence Yun,

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