Pending-Home Sales Tick Upward in April

Pending-home sales are up on both a year-over-year and month-over-month basis. Annually, pending sales grew in every region except for the Northeast
May 19, 2026
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Pending sale sign posted in a front yard

Pending-home sales grew in April. 

Pending-home sales ticked up in April. According to the National Association of Realtors, pending-home sales increased by 1.4% month-over-month and by 3.2% year-over-year. Annually, pending deals were up in every region of the U.S. except for the Northeast, but month-over-month, only the South saw a decline in pending sales.

Buyers are coming out with cautious optimism despite increasing economic uncertainty and a slight rise in mortgage rates. Demand will easily be even higher once mortgage rates retreat to the levels they were at earlier this year.

- Dr. Lawrence Yun, NAR chief economist

Some metros saw pending sales increase even more than the nationwide average

At the local level, several markets posted notable year-over-year gains in pending home sales. Among the 50 largest metro areas, the Boston metro saw pending sales grow by 10.3% year-over-year in April. The Miami metro followed. There, pending sales grew by 9.4%, and in Oklahoma City, they grew by 8.6%. Milwaukee and Virginia Beach, Va., also saw pending sales grow by a respective 7.4% and 7.2% year-over-year.

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