A new report from the Pending Home Sales Index shows that the rate of contract signings has hit a nine-year high in April 2015.
The report finds that signings were up 3.4 percent from March and 14 percent from the previous year. It also marks the fourth-straight month of increases.
The Midwest was one of two regions with the largest increase, seeing an uptick of 5 percent.
"Realtors are saying foot traffic remains elevated this spring despite limited - and in some cases severe - inventory shortages in many metro areas," NAR Chief Economist Lawrence Yun told Chicago Agent Magazine.