April Pending Home Sales Up 1.4% from March, 3.2% YOY

Washington, DC, May 19, 2026-Pending home sales in April increased by 1.4% month over month and rose 3.2% year over year, according to the National Association of Realtors Pending Home Sales report. 

Month over month pending home sales rose in the Northeast, Midwest and West, and declined in the South. Year over year pending home sales rose in the Midwest, South and West, and declined in the Northeast.

“Buyers are coming out with cautious optimism despite increasing economic uncertainty and a slight rise in mortgage rates,” said NAR chief economist Dr. Lawrence Yun. “Demand will easily be even higher once mortgage rates retreat to the levels they were at earlier this year.”

“Historically low foreclosure sales imply minimal price discounts, with a majority of markets selling at a higher price from a year ago,” Yun said. “Unless supply meaningfully increases, home price growth could outpace wage growth and further erode the homeownership rate. All efforts need to be focused on boosting housing supply.”