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States with the strongest gains were Vermont (6.4%), Michigan (5.2%), Montana (4.0%), Pennsylvania (4.0%), Idaho (3.5%), South Carolina (3.5%), Tennessee (3.4%), Indiana (3.2%), Rhode Island (3.2%), and Wisconsin (3.0%).
In May 2020, pending home sales were down 5.1% year-over-year.
May 2020 brought 3.91 million in sales, a median sales price of $284,600, and 4.8 months of inventory. The median sales price is down 26.6% year over year, and inventory is up 0.5 months from May 2019.
Home showings in May 2020 were still below last year’s level, but activity picked up compared to April's, according to data from SentriLock®, LLC, a lockbox company.
Home viewings data from SentriLock®, LLC, a lockbox company, indicates a continued downward trend in home buyer traffic in April 2020 with respect to the prior month and one year ago in the wake of coronavirus social distancing measures, stay-at-home orders and the unprecedent rise in unemployment.