The National Association of Realtors published on Monday that the U.S. pending sales of existing homes climbed 3.4% in March from February. It is the first increase for the first time in nine months. Analysts forecasted the increase of 1.0%.

The National Association of Realtors Chief Economist Lawrence Yun said that after a cold winter, more buyers want to purchase homes are beginning to make contract offers. He added sales activity is expected to improve as more inventory reaches the market and as more jobs will be created in the economy.