The National Association of Realtors is reporting that pending home sales jumped 4.8% in in June, 2024.  The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) came in at 74.3 in June.  The NAR says all four U.S. regions posted monthly gains in transactions.  Of note, rising inventory is helping with sales.

“The rise in housing inventory is beginning to lead to more contract signings…Multiple offers are less intense, and buyers are in a more favorable position.”  Said the NAR’s Chief Economist, Lawrence Yun.