"The stronger rebound in the Northeast is consistent with some delayed activity from weather-related disruptions earlier in the year showing up in spring contract signings. The Midwest also posted a solid gain, while the West was essentially flat, reinforcing that affordability and local market conditions continue to shape buyer activity across regions. HousingWire Data shows that there were 430,175 pending single family home sales as of May 15, 2026, up 4.9% compared to a year ago."
Pending home sales increased 1.4% in April from the prior month, reaching a Pending Home Sales Index of 74.8. The index reflected a 3.2% annual increase. An index value of 100 corresponds to contract activity levels in 2001. Buyers showed cautious optimism despite economic uncertainty and a slight rise in mortgage rates, with expectations that demand would strengthen if mortgage rates return to earlier-year levels. Pending home sales rose month over month in the Northeast (+6.6%), Midwest (+3.0%), and West (+0.4%), while falling in the South (-0.7%). Year over year, the Northeast declined (-0.6%), while the Midwest, South, and West increased. Metro areas with the largest annual gains included Boston-Cambridge-Newton, Miami, Oklahoma City, Milwaukee, and Virginia Beach.
Read at www.housingwire.com
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