Regionally, the pending-sales index fell 7.9% month over month in the Northeast, 6.6% in the Midwest, 2.3% in the South and 0.9% in the West.
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U.S. pending home sales fell 4.6% in October, the fifth straight monthly decline, the National Association of Realtors said Wednesday.
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October’s 4.6% monthly drop follows a 10.2% decline in September, the National Association of REALTORS® reported.
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The median age of inventory in Atlanta is 49 days, down from 64 before the pandemic began.
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September is the fourth month in a row to see declining sales activity.
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U.S. pending-home sales fell 10.2% in September, which is the fourth straight monthly drop, according to the monthly index released Friday by the National Association of Realtors.
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Market volatility is causing more and more homebuyers to delay or cancel plans to make a purchase.
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The National Association of Realtors expects existing-home sales to fall by 15.2% in 2022, to 5.19 million units.
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U.S. pending-home sales fell in June by 8.6%, according to the monthly index released Wednesday by the National Association of Realtors.
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The increase ends a six-month string of monthly declines, the National Association of REALTORS® said.
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