Pending Home Sales See Record Decline in April ’20
According to the National Association of Realtors (NAR) nationwide pending home sales took a large drop in April 2020, down by 21.8% as compared to March and more than 33% year-over-year. This marks the single largest decline since NAR began tracking contract-signing activity in 2001.
Single family home pending inventory levels in Florida were even steeper with a decline of 35.1% as compared to April 2019.