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The month of May posted a record number of pending home sales, as many parts of the country began reopening and mortgage rates dipped to all-time lows. However, not every housing market experienced a boom in contract signings.

Data from May 7 through June 6 showed pending sales dropped annually in 17 of the top 35 metro areas, according to a study from CoreLogic.

"While the pickup in housing activity appears strong and possibly not expected this early following the crisis, housing activity differs widely across metropolitan areas and is in part driven by the severity of the pandemic as well as stringency of shelter-in-place orders in local areas," Selma Hepp, deputy chief economist at CoreLogic, said in the report.

CoreLogic's analysis compares pending sales in the 30-day period ending the first week of June 2020 to the year before, while showing year-over-year change in home sales from the year's opening quarter before country-wide lockdowns took place. It also examined the share of homes sold below asking price for both of those time frames.

Here's a look at 12 housing markets with the biggest annual declines in pending home sales for the late spring, according to CoreLogic.
NMN041219-san-diego.jpg
San Diego, California, USA downtown city skyline.
No. 12 San Diego, Calif.
Annual change in pending sales, May 7-June 6: -17%

Annual change in sales, Jan. 1-Mar. 13: 11%

Annual change in share sold below listing price, May 7-June 6: -6%
NMN021219-baltimore.jpg
Colorful row houses along Guilford Avenue in Charles Village, Baltimore, Maryland.
No. 11 Baltimore, Md.
Annual change in pending sales, May 7-June 6: -18%

Annual change in sales, Jan. 1-Mar. 13: 5%

Annual change in share sold below listing price, May 7-June 6: N/A
NMN031119-new-york.jpg
Aerial view of lower Manhattan New York City
No. 10 New York, N.Y.
Annual change in pending sales, May 7-June 6: -22%

Annual change in sales, Jan. 1-Mar. 13: -4%

Annual change in share sold below listing price, May 7-June 6: -1%
San Francisco
View of colorful San Francisco row homes looking down a steep city street
No. 9 San Francisco, Calif.
Annual change in pending sales, May 7-June 6: -30%

Annual change in sales, Jan. 1-Mar. 13: -1%

Annual change in share sold below listing price, May 7-June 6: 0%
NMN022119-providence.jpg
Providence, Rhode Island. City view in New England region of the United States.
No. 8 Providence, R.I.
Annual change in pending sales, May 7-June 6: -34%

Annual change in sales, Jan. 1-Mar. 13: 7%

Annual change in share sold below listing price, May 7-June 6: -1%
NMN060518-riverside.jpg
Evening light on on distant mountains and the city of Riverside, from Mount Rubidoux Park, in Riverside, California.
No. 7 Riverside, Calif.
Annual change in pending sales, May 7-June 6: -34%

Annual change in sales, Jan. 1-Mar. 13: 1%

Annual change in share sold below listing price, May 7-June 6: -10%
NMN053018-phoenix.jpg
No. 6 Phoenix, Ariz.
Annual change in pending sales, May 7-June 6: -37%

Annual change in sales, Jan. 1-Mar. 13: 9%

Annual change in share sold below listing price, May 7-June 6: -8%
Washington, D.C.
Capitol Hill houses, Washington D.C.
No. 5 Washington, D.C.
Annual change in pending sales, May 7-June 6: -37%

Annual change in sales, Jan. 1-Mar. 13: -6%

Annual change in share sold below listing price, May 7-June 6: -8%
NMN032019-philadelphia.jpg
Sunset over downtown Center City, Philadelphia, PA.
No. 4 Philadelphia, Pa.
Annual change in pending sales, May 7-June 6: -52%

Annual change in sales, Jan. 1-Mar. 13: 8%

Annual change in share sold below listing price, May 7-June 6: 5%
silicon-valley-062920-bl.jpg
The Bank of Italy building, right, viewed from the KQED office tower, stands in downtown San Jose, California, U.S., on Monday, Feb. 10, 2020.
No. 3 San Jose, Calif.
Annual change in pending sales, May 7-June 6: -58%

Annual change in sales, Jan. 1-Mar. 13: -6%

Annual change in share sold below listing price, May 7-June 6: -10%
NMN020618-los-angeles.jpg
Aerial view of complex highway interchange in Los Angeles California.
No. 2 Los Angeles, Calif.
Annual change in pending sales, May 7-June 6: -60%

Annual change in sales, Jan. 1-Mar. 13: 3%

Annual change in share sold below listing price, May 7-June 6: -7%
Wisconsin housing
Milwaukee - city panorama seen from the north side
No. 1 Milwaukee, Wis.
Annual change in pending sales, May 7-June 6: -80%

Annual change in sales, Jan. 1-Mar. 13: 6%

Annual change in share sold below listing price, May 7-June 6: 4%
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