Pending-home sales declined in June. According to the National Association of Realtors' Pending-Home Sales Report, pending-home sales fell by 5.4% month-over-month and by 0.3% year-over-year. 

Pending-home sales fell in every region of the U.S.

On a month-over-month basis, pending sales declined in all four major regions of the U.S., with the Midwest recording the largest decrease at 8.9%. However, on a year-over-year basis, pending-home sales increased in the Northeast and Midwest by a respective 2.2% and 0.3%.

Not all metros recorded a drop in pending-home sales

While nationwide pending sales fell, that wasn’t the case across all major metros. The Virginia Beach, Va., metro recorded a year-over-year increase of 15.4%, and in the Sacramento, Calif., metro, pending sales grew by 15.2%. Kansas City, likewise, saw pending sale grow by 14.4%.