A quick look at the pending and existing home sales in the United States in February 2022.
![Magnifying Glass over house](https://i0.wp.com/thecincyblog.com/wp-content/uploads/2022/03/Shutterstock_1224559537.jpg?resize=740%2C493&ssl=1)
Data from the National Association of Realtors®
![NAR inforgraphic on February 2022 pending Home sales](https://i0.wp.com/thecincyblog.com/wp-content/uploads/2022/03/2022-02-phs-housing-snapshot-infographic-03-25-2022-1000w-1500h.jpg?resize=691%2C1024&ssl=1)
Key Highlights
- Contract signings fell for the fourth consecutive month, down -4.1% in February from January.
- Month-over-month, contract signings were down across all regions, except the Northeast.
- Contract signings fell from the previous year for the ninth consecutive month, falling by -5.4%, with pending sales down across all regions.
![NAR Infographic on existing home sales for February 2022](https://i0.wp.com/thecincyblog.com/wp-content/uploads/2022/03/2022-02-ehs-housing-snapshot-infographic-03-18-2022-1000w-1500h.jpg?resize=691%2C1024&ssl=1)
Key Highlights
- In February, existing-home sales fell to a seasonally adjusted annual rate of 6.02 million. Sales were down -7.2% from the prior month and -2.4% from one year ago.
- The inventory of unsold existing homes slightly increased to 870,000 as of the end of February, equivalent to 1.7 months of supply at the current monthly sales pace.
- The median existing-home sales price rose to $357,300, up +15.0% from one year ago. This marks 120 consecutive months of year-over-year price increases, the longest-running streak on record.