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NAR Pending Home Sales Report Shows 1.5% Increase in March
Despite a 1.5% monthly rise, pending home sales in March remain 1.1% below last year, hindered by high prices and homeowner mortgage 'lock-in'.
- On Tuesday, April 21, the National Association of Realtors reported pending home sales rose 1.5% in March from February, though sales declined 1.1% year-over-year.
- High home prices and mortgage rates around 6% continue to depress the market, while homeowners with 3% mortgages face a 'lock-in effect' preventing moves.
- Regionally, the Northeast and South posted increases of 4.4% and 3.9% respectively, while the West and Midwest fell 2.6% and 1.3%.
- Among the 50 largest metro areas, Kansas City, MO-KS led with a 14.9% annual gain, followed by Milwaukee, WI and Austin, TX at 13.5% and 12.8%.
- The housing resale market remained in a 'deepfreeze' during March, with sales volume down 18% versus the 2011 housing bust; Existing-Home Sales data releases May 11.
11 Articles
11 Articles
The pending housing sales index in the state...
NAR Pending Home Sales Report Shows 1.5% Increase in March
Washington, D.C., April 21, 2026 (GLOBE NEWSWIRE) -- Pending home sales in March increased by 1.5% from the prior month and declined 1.1% year-over-year, according to the National Association of REALTORS® Pending Home Sales report. The report provides the real estate ecosystem—including agents, homebuyers and sellers—with data on the level of home sales under contract. Month-over-month pending home sales rose in the Northeast and South, and decl…
NAR Pending Home Sales Report Shows Increase in March - The MortgagePoint
The National Association of Realtors said that pending home sales in March rose by 1.5% from the previous month and declined 1.1% year over year, according to its Pending Home Sales report. The report provides the real estate ecosystem—including agents, homebuyers and sellers—with data on the level of home sales under contract. NAR noted that month-over-month pending home sales rose in the Northeast and South, and declined in the Midwest and Wes…
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