Pending Home Sales Decline in All But 5 Major U.S. Metros

The typical home that sells takes 66 days to do so–the longest span in seven years–as buyers take their time looking at their options and negotiating with sellers. 

U.S. pending home sales fell 5.1% year over year during the four weeks ending February 8, the biggest decline in over a year. 

On a local level, pending sales dropped in all but five of the 50 most populous U.S. metro…