06/18/2026
๐ MARKET UPDATE: THE LATE SPRING BUYER RUSH IS HERE! ๐กโจ
The National Association of REALTORSยฎ (NAR) just released its latest Pending Home Sales report, and the numbers show that demand is heating up. Across the country, buyers are jumping off the sidelines and getting under contract!
Here are the key takeaways you need to know:
๐ Contracts Are Climbing: Pending home sales jumped 3.8% month-over-month in May and are up 4.8% compared to the same time last year.
Acceptance of the "New Normal": According to NAR Chief Economist Dr. Lawrence Yun, this late spring buyer rush shows strong pent-up demand and proves that buyers are adapting to mortgage rates hovering above 6% as the new normal.
๐ Growth in Every Region: Every major region across the country saw contract signings rise both month-over-month and year-over-year.
๐ฎ Looking Ahead: Economists note that while federal borrowing and tech spending keep pressure on the market, shifting oil prices are expected to help lower mortgage rates modestly in the near future.
๐ก What This Means For You:
Thinking of Selling? Buyers are actively shopping and locking in contracts right now. Getting your property market-ready today means capitalizing on this wave of ready buyers.
Looking to Buy? Competition is real, but inventory is improving. Navigating a competitive landscape requires having a solid strategy and a local expert in your corner.
Let's discuss how these national trends impact our local market and how you can use them to your advantage. โ๐
๐ Call/Text: 903.714.5503
๐ https://real903.com/
Kelly Laine Haney
REAL Broker