Pending Home Sales in the US declined by 5.2% on a monthly basis in March, the data published by the National Association of Realtors showed on Thursday. This reading followed February's no-change (revised from 0.8%) and came in much worse than the market expectation for an increase of 0.5%.

On a yearly basis, Pending Home Sales fell by 23.2%, compared to analysts' estimate for a decline of 22.8%.