Pending House Gross sales Cool In September, Down 2.2%

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CHARLOTTE, N.C.: The pending gross sales of current houses fell 2.2% in September, the Nationwide Affiliation of Realtors mentioned Thursday, the primary month-to-month contraction of that determine in 4 months.

The report is the most recent indicator that confirmed the housing market cooled in September after being sturdy all through the summer season. Gross sales of current houses fell in September as properly, NAR reported earlier this month, and the Commerce Division mentioned gross sales of newly constructed houses fell in September, too.

Regardless of the modest decline, contract signings are nonetheless up 20.5% from a 12 months earlier, the trade commerce group mentioned.

Three out of the 4 areas tracked by NAR noticed month-to-month declines. Solely the Northeast reported a month-over-month acquire.

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