The Pending U.S. home sales fell 0.3% in December, worsening the estimated 0.1% decline. In November, sales fell 2.5%.
This is the fourth consecutive month of decline after an off-season surge in August. Total pending sales decreased primarily due to fewer contract signings in the Midwest region.
To level y-o-y, the variation in pending home sales rose 21.4%, well above the 16.4% of the previous month. In December, all regions of the country posted double-digit increases.
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