Pending Home Sales April 2020

By
Real Estate Agent with Berkshire Hathaway Home Services Crest CDRE #01044712

On May 28, 2020, National Association of Realtors® (NAR) reported that nationwide pending contract signed home sales dropped 21.8% to an index of 69.0 in April of 2020 from an index of 88.2 in March of 2020, and fell 33.8% from April of 2019.

Pending home sales index in the Northeast declined 48.2% to an index of 52.6 in April of 2020 from March of 2020, and down 52.6% from April of 2019.

Pending home sales index in the Midwest decreased 15.9% to an index of 72.0 in April of 2020 from March of 2020, and lower 26.0% from April of 2019.

Pending home sales index in the South dropped 15.4% to an index of 87.6 in April of 2020 from March of 2020, and lost 29.6% from April of 2019.

Pending home sales index in the West fell 20.0% to an index of 57.1 in April of 2020 from March of 2020, and declined 37.2% from April of 2019, according to NAR on May 28, 2020.

Lawrence Yun, NAR chief economist, stated “In the coming months, buying activity will rise as states reopen and more consumers feel comfortable about homebuying in the midst of the social distancing measures.”

Fore complete information, on National Association of Realtors's April of 2020 pending home sales report, please click HERE

Posted by

John Pusa

Real estate agent, Glendale, CA

Better way to buy and sell real estate

Berkshire Hathaway Home Services Crest

Office (818) 441-8881

Mobile (818) 441-8881

4005 Foothill Blvd.

La Crescenta, CA. 91214

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Rainmaker
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Steve Higgins
RE/MAX Kelowna - Kelowna, BC

Good morning John,
Just dropping by to help get you over the 3 million mark! Congratulations for when you hit the mark!
Thank you for sharing your market report it’s always interesting to see how other markets are doing.

May 31, 2020 06:12 AM #11
Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

John, I see you made it over the milestone, congratulations for the big one! 

May 31, 2020 06:59 AM #12
Rainmaker
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John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Pending home sales are down in our area because listings have declined. Sales are strong. It is only possible to sell what is available to be sold and not enough properties are hitting the market to satisfy demand.

Prices have not dropped around here, John Pusa 

May 31, 2020 07:56 AM #13
Rainmaker
3,006,653
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

You are welcome Bob Crane, finally I passed the milestone. Thanks for the comment.

May 31, 2020 08:14 AM #14
Rainmaker
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Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Good Morning John Pusa I think we are going to see swings in the market until things get moving forward again.

Congratulations on hitting that 3,000,000 milestone

May 31, 2020 08:45 AM #15
Rainmaker
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

John,

Congratulation of hitting the 3 million point mark.  James Dray made the announcement on Active Rain.  Teamwork is superb here. A

May 31, 2020 09:33 AM #16
Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Good morning Nina Hollander thank you for stopping by, I agree no pressure for the next million points. Thanks for the comment.

May 31, 2020 10:03 AM #17
Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Good morning Steve Higgins thank you for the help to get me over 3 million points mark. You are welcome, and glad you find pending home sale report very helpful. Thanks for the comment.

May 31, 2020 10:07 AM #18
Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Thank you Joan Cox I passed the 3 million points milestone with rainers' help. Thanks for the comment.

May 31, 2020 10:09 AM #19
Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

John Juarez pending home sales are down in many areas due to property owners not placing homes in market to satisfy demand. Hopefully we have more homes available for sale soon. Thanks for the comment.

May 31, 2020 10:15 AM #20
Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Good morning Doug Dawes you are right, we might experience swing in the market. Thank you finally I hit 3,000,000 points milestone. Thanks for the comment.

May 31, 2020 10:20 AM #21
Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Ron and Alexandra Seigel thank you finally I passed 3,000,000 points mark. You are right, James Dray announcement helped me pass 3 million points, teamwork is superb at ActiveRain. Thanks for the comment.

May 31, 2020 10:50 AM #22
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Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi John- Congratulations on passing the 3,000,000 point milestone!!! And thank you to James Dray for making us aware of this. 

May 31, 2020 04:27 PM #23
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Jeff Dowler, CRS
eXp Realty of California - Carlsbad, CA
The Southern California Relocation Dude

Hi John:

Well you are WAY past the 3M point mark, so congratulations! That's quite an achievement!

Jeff

May 31, 2020 08:17 PM #24
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Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Three million looks good on you John Pusa! Congratulations!

May 31, 2020 08:25 PM #25
Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hi Kathy Streib thank you for stopping by and help me pass the 3,000,000 points  milestone! I agree, thanks to James Dray for reminding everyone. Thanks for the comment.

May 31, 2020 08:43 PM #26
Rainmaker
3,006,653
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hi Jeff Dowler, CRS finally, I passed the 3M points mark with Rainers' help. Thank you for celebrating the achievement with me. Thanks for the comment.

May 31, 2020 08:46 PM #27
Rainmaker
3,006,653
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Thank you Margaret Rome Baltimore 410-530-2400 finally, I passed the 3,000,000 points mark. Thanks for the comment.

May 31, 2020 08:48 PM #28
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Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

C-O-N-G-R-A-T-U-L-A-T-I-O-N-S on your 3MIL MILESTONE John, that's alot of blogging and commenting and posting market reports! Here's to your next amazing milestone!

Jun 01, 2020 05:51 AM #29
Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Thank you Wanda, you are right alot of blogging and commenting to reach 3,000,000 points. Thanks for the comment.

Jun 01, 2020 07:15 AM #30
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John Pusa

Your All Time Realtor With Exceptional Service
I will be very happy to assist you with your real estate needs.
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