After two months of declines caused by the coronavirus pandemic, pending home sales jumped 44.3% in May, a record-setting increase in month-over-month sales, according to the National Association of Realtors.

Pending home sales surged in every region during the month, growing 44.4% in the Northeast; 37.2% in the Midwest; 43.3% in the South; and 56.2% in the West.

Year-over-year, overall pending home sales declined 5.1%.

“This has been a spectacular recovery for contract signings, and goes to show the resiliency of American consumers and their evergreen desire for homeownership,” NAR Chief Economist Lawrence Yun said in a statement. “This bounce back also speaks to how the housing sector could lead the way for a broader economic recovery.”

The full NAR report can be found here.