Contract Activity Slows In April 2020 But Perhaps Mostly Because April 2019 Was A Wild Month?

Contract activity declined 27% in April 2020 -- there were 157 contracts signed last April, and only 115 signed this April.

Perhaps this is not surprising given the impact of COVID-19 -- or -- perhaps April 2019 was just a crazy month of contract activity and is not a great month to use for a comparison.

When comparing April 2020 (115 contracts) to April 2018 (124 contracts) there was only a 7% decline in contract activity last month.

Only time will tell whether this (fewer contracts) is a lasting trend -- but below you'll see how the year has shaped up thus far...

As you can see, the 439 contracts thus far in 2020 is 5% lower than in 2019, but 3% higher than in 2018.

So, let's keep on moving along and see what May will reveal!