Pending Home Sales Were Flat in April as Limited Inventory Continued to Halt Deals

Pending home sales were flat in April compared with March but were down 20.3% compared with April 2022, according to the National Association of Realtors (NAR). Regionally, and month over month, contract signings dropped 11.3% in the Northeast but were up 4.7% in the West, 3.6% in the Midwest and 0.1% in the South. All…